Boston, Massachusetts--(Newsfile Corp. - March 9, 2026) - On behalf of its client, Block & Leviton LLP filed a class action lawsuit today against Driven Brands Holdings Inc. (NASDAQ: DRVN), along with certain individuals, alleging that they violated federal securities laws by issuing false and misleading statements concerning the company's business, operations, and prospects. A copy of the Complaint is available on Block & Leviton's website.

The complaint alleges that Driven Brands misled investors about the strength of its financial condition between May 9, 2023, and February 24, 2026. On February 25, 2026, Driven Brands announced it would delay filing its annual report on Form 10-K for Fiscal Year 2025 because there were "material errors in [Driven Brands'] previously issued financial statements" going back to 2023. Driven Brands announced that its previously issued "financial statements should not be relied upon and required restatement." The Company revealed that, among other things, Driven Brands' revenue and cash had been overstated. Following this revelation, the company's share price fell nearly 40%, causing significant investor losses.

The suit was brought in the Southern District of New York and was filed by Block & Leviton LLP. The case is captioned Clark v. Driven Brands Holdings Inc., No. 1:26-cv-1902 (S.D.N.Y.). The suit is brought on behalf of all those who purchased or otherwise acquired Driven Brands common stock between May 9, 2023, and February 24, 2026, inclusive.

If you are an investor who purchased or otherwise acquired Driven Brands (DRVN) stock during the Class Period, you are a member of this proposed Class, and may be able to seek appointment as a lead plaintiff. A lead plaintiff is a court-appointed representative of the class. To seek appointment as lead, you must comply with the relevant provisions of the Private Securities Litigation Reform Act, 15 U.S.C. 78u-4. If you wish to serve as lead plaintiff, you must move the Court by no later than May 8, 2026, the deadline established by this notice. You may contact Block & Leviton to learn more about serving as a lead plaintiff.

You do not need to seek to become a lead plaintiff to share in any possible recovery. You may retain counsel of your choice to represent you in this action.

You can learn more about the suit at Block & Leviton's case webpage, by calling (888) 256-2510, or by emailing shareholders@blockleviton.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287767

Source: Block & Leviton LLP