NEW YORK, NY / ACCESSWIRE / February 17, 2024 / If you suffered a loss on your Driven Brands Holdings Inc. (NASDAQ:DRVN) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information:
https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67347&wire=1
or contact Joseph E. Levi, Esq. via email at [email protected] or call (212) 363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: A class action securities lawsuit was filed against Driven Brands Holdings Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between October 27, 2021 and August 1, 2023.
CASE DETAILS: According to the filed complaint, defendants repeatedly touted Driven's ability to execute and integrate acquisitions as a "core strength," and assured investors that the Company had made "significant progress" integrating the auto glass businesses it had acquired. Driven also represented that the large scale of its car wash business served as a "competitive moat" that would preserve Driven's competitive position. While Driven acknowledged some "softness" in customer demand for its car wash business segment, the Company downplayed that issue and pointed investors to the growth of its car wash subscriptions, which Driven labeled as the "Holy Grail" in the car wash business.
WHAT'S NEXT? If you suffered a loss in Driven stock during the relevant time frame - even if you still hold your shares - go to https://zlk.com/pslra-1/driven-brands-holdings-inc-lawsuit-submission-form?prid=67347&wire=1 to learn about your rights to seek a recovery. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP