{"success":true,"data":{"pressRelease":{"id":"3336","rtpr_id":"nGNX9JSk9W","ticker":"DRVN","exchange":"NASDAQ","all_tickers":["DRVN"],"title":"Lost Money With DRVN? Contact Glancy Prongay Wolke & Rotter LLP","author":"Globe Newswire","published_at":"2026-04-21T16:52:43.103Z","article_body":"LOS ANGELES, April 21, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter\nLLP\n(https://www.globenewswire.com/Tracker?data=LCEDNpoNNA8WzhlJFEcYobJLRz2Fe2MnfugkGJ28hcpHN3bM7jdjnyKjJr98UbUugmzmcWoQ_pCjuUgEAZJ7D6SI4DGiVVflCBdC7e6iYkJdjhqRdGiXHftjxG8luWJ8)\n(“GPWR”), encourages Driven Brands Holdings Inc. (“Driven Brands” or\nthe “Company”) (NASDAQ: DRVN\n(https://www.globenewswire.com/Tracker?data=YbiCXAeVsmTP_yI54ZvPfAOJIKcC5-9ghaN-kF2FrSDcJVNQ-T3AJ1iO6CxdkkVlYidEOnfRd8WCTrtFmcew5xywP_hWElOLMOZ5vOUO6Vo=))\ninvestors to contact us\n(https://www.globenewswire.com/Tracker?data=rXPR2WYdx-aWCAh0bqPfLx8QoYMmhZS0xsWUjZZ7hIwD8CIQP1yROyeQLJLyRdL-v7uFnvtazNaOa5diH_ibL4Dy7b8pejB8on_JoI7-03_DGUERXlhZ1lTGIItgl7AgdQ3uYzOqzLVLa_s0OdVw7w==)\nabout potentially pursuing claims to recover your loss under the federal\nsecurities laws.\n\nWhat Happened? \nA securities fraud class action has been filed against Driven Brands on behalf\nof investors who purchased common stock between May 3, 2023 and February 24,\n2026, inclusive (the “Class Period”).\n\nWhat’s The Next Step?  \nGlancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law\nfirm, ready to assist you in potentially pursuing claims to recover your loss.\n\nIf you wish to serve as lead plaintiff, you must move the Court no later than\nMay 8, 2026. Please contact us to learn more about your rights and interests\nby clicking here\n(https://www.globenewswire.com/Tracker?data=5yk4YakD8KoQC1pvNaMMn5ipIEjE4ZJoiqIZvKgXIMyH1aWuxD5Idk2H4JvAqg6Wqymc3fy1osKyAEzHBxjhEGA2kf_pyq_0SjFuJyBrIag2Cc-_wsslhMJDPZFW0Z6cwPKH5t2y2pMMWc5eVwzKtg==),\nby email (shareholders@glancylaw.com), or by telephone at 310-201-9150\n(Toll-Free: 888-773-9224).\n\nYou may retain counsel of your choice. If you bought securities during the\nclass period, you may take no action and remain an absent class member. No\nclass has been certified yet.\n\nIs There A Cost?  \nIf you purchased Driven Brands securities, you may be entitled to compensation\nwithout payment of any out of pocket fees or costs through a contingency fee\narrangement.\n\nWhat Is The Lawsuit About? \nThe lawsuit alleges that throughout the Class Period, Defendants made\nmaterially false and/or misleading statements, and/or failed to disclose\nmaterial adverse facts. Investors later learned the truth when:\n\nOn February 25, 2025, Driven Brands disclosed “material errors in [the\nCompany’s] previously issued consolidated financial statements” dating\nback to 2023. As such, its “financial statements should not be relied upon\nand required restatement.”\n\nThe Company disclosed at least ten different categories of errors which\nincluded: “inappropriately recognized revenue,” “unreconciled\ndifferences for cash accounts,” overstatement of expenses, and issues with\nthe “completeness and accuracy of recording leases.”  The Company noted\nit “may identify further material errors.”\n\nOn this news, Driven Brands’ stock price fell $5.01, or 30.2%, to close at\n$11.60 per share on February 25, 2026, thereby injuring investors.\n\nWhy Glancy Prongay Wolke & Rotter LLP? \nGPWR is a premier law firm with decades of experience representing investors\nand consumers in securities litigation and other complex class action\nlitigation. Recognizing the firm’s recent successes, GPWR was named one of\nLaw360’s Securities Groups of the Year and ranked second-highest in total\ninvestor recoveries by Institutional Shareholder Services Securities Class\nAction Services in 2025. GPWR’s lawyers have handled cases covering a wide\nspectrum of corporate misconduct and relating to nearly all industries and\nsectors. GPWR’s past successes have been widely covered by leading news and\nindustry publications such as The Wall Street Journal, The Financial Times,\nBloomberg Businessweek, Reuters, the Associated Press, Barron’s,\nInvestor’s Business Daily, Forbes, and Money. Prior results do not guarantee\na similar outcome.\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\nContact Us: \nGlancy Prongay Wolke & Rotter LLP,  \n1925 Century Park East, Suite 2100\nLos Angeles, CA 90067 \nCharles Linehan\nEmail:  shareholders@glancylaw.com \nTelephone: 310-201-9150\nToll-Free: 888-773-9224 \nVisit our website at: www.glancylaw.com.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a67368e9-bc06-4c5b-a902-dd2d9af3e4f0)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9JSk9W","title":"Lost Money With DRVN? Contact Glancy Prongay Wolke & Rotter LLP","author":"Globe Newswire","ticker":"DRVN","created":"2026-04-21T16:52:43.103Z","tickers":["DRVN"],"exchange":"NASDAQ","article_body":"LOS ANGELES, April 21, 2026 (GLOBE NEWSWIRE) -- Glancy Prongay Wolke & Rotter\nLLP\n(https://www.globenewswire.com/Tracker?data=LCEDNpoNNA8WzhlJFEcYobJLRz2Fe2MnfugkGJ28hcpHN3bM7jdjnyKjJr98UbUugmzmcWoQ_pCjuUgEAZJ7D6SI4DGiVVflCBdC7e6iYkJdjhqRdGiXHftjxG8luWJ8)\n(“GPWR”), encourages Driven Brands Holdings Inc. (“Driven Brands” or\nthe “Company”) (NASDAQ: DRVN\n(https://www.globenewswire.com/Tracker?data=YbiCXAeVsmTP_yI54ZvPfAOJIKcC5-9ghaN-kF2FrSDcJVNQ-T3AJ1iO6CxdkkVlYidEOnfRd8WCTrtFmcew5xywP_hWElOLMOZ5vOUO6Vo=))\ninvestors to contact us\n(https://www.globenewswire.com/Tracker?data=rXPR2WYdx-aWCAh0bqPfLx8QoYMmhZS0xsWUjZZ7hIwD8CIQP1yROyeQLJLyRdL-v7uFnvtazNaOa5diH_ibL4Dy7b8pejB8on_JoI7-03_DGUERXlhZ1lTGIItgl7AgdQ3uYzOqzLVLa_s0OdVw7w==)\nabout potentially pursuing claims to recover your loss under the federal\nsecurities laws.\n\nWhat Happened? \nA securities fraud class action has been filed against Driven Brands on behalf\nof investors who purchased common stock between May 3, 2023 and February 24,\n2026, inclusive (the “Class Period”).\n\nWhat’s The Next Step?  \nGlancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law\nfirm, ready to assist you in potentially pursuing claims to recover your loss.\n\nIf you wish to serve as lead plaintiff, you must move the Court no later than\nMay 8, 2026. Please contact us to learn more about your rights and interests\nby clicking here\n(https://www.globenewswire.com/Tracker?data=5yk4YakD8KoQC1pvNaMMn5ipIEjE4ZJoiqIZvKgXIMyH1aWuxD5Idk2H4JvAqg6Wqymc3fy1osKyAEzHBxjhEGA2kf_pyq_0SjFuJyBrIag2Cc-_wsslhMJDPZFW0Z6cwPKH5t2y2pMMWc5eVwzKtg==),\nby email (shareholders@glancylaw.com), or by telephone at 310-201-9150\n(Toll-Free: 888-773-9224).\n\nYou may retain counsel of your choice. If you bought securities during the\nclass period, you may take no action and remain an absent class member. No\nclass has been certified yet.\n\nIs There A Cost?  \nIf you purchased Driven Brands securities, you may be entitled to compensation\nwithout payment of any out of pocket fees or costs through a contingency fee\narrangement.\n\nWhat Is The Lawsuit About? \nThe lawsuit alleges that throughout the Class Period, Defendants made\nmaterially false and/or misleading statements, and/or failed to disclose\nmaterial adverse facts. Investors later learned the truth when:\n\nOn February 25, 2025, Driven Brands disclosed “material errors in [the\nCompany’s] previously issued consolidated financial statements” dating\nback to 2023. As such, its “financial statements should not be relied upon\nand required restatement.”\n\nThe Company disclosed at least ten different categories of errors which\nincluded: “inappropriately recognized revenue,” “unreconciled\ndifferences for cash accounts,” overstatement of expenses, and issues with\nthe “completeness and accuracy of recording leases.”  The Company noted\nit “may identify further material errors.”\n\nOn this news, Driven Brands’ stock price fell $5.01, or 30.2%, to close at\n$11.60 per share on February 25, 2026, thereby injuring investors.\n\nWhy Glancy Prongay Wolke & Rotter LLP? \nGPWR is a premier law firm with decades of experience representing investors\nand consumers in securities litigation and other complex class action\nlitigation. Recognizing the firm’s recent successes, GPWR was named one of\nLaw360’s Securities Groups of the Year and ranked second-highest in total\ninvestor recoveries by Institutional Shareholder Services Securities Class\nAction Services in 2025. GPWR’s lawyers have handled cases covering a wide\nspectrum of corporate misconduct and relating to nearly all industries and\nsectors. GPWR’s past successes have been widely covered by leading news and\nindustry publications such as The Wall Street Journal, The Financial Times,\nBloomberg Businessweek, Reuters, the Associated Press, Barron’s,\nInvestor’s Business Daily, Forbes, and Money. Prior results do not guarantee\na similar outcome.\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and ethical rules.\n\nContact Us: \nGlancy Prongay Wolke & Rotter LLP,  \n1925 Century Park East, Suite 2100\nLos Angeles, CA 90067 \nCharles Linehan\nEmail:  shareholders@glancylaw.com \nTelephone: 310-201-9150\nToll-Free: 888-773-9224 \nVisit our website at: www.glancylaw.com.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a67368e9-bc06-4c5b-a902-dd2d9af3e4f0)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-04-21T16:52:43.143559409Z","server_sent_at_ms":1776790363143},"received_at":"2026-04-21T16:52:43.199Z","source_url":"https://www.globenewswire.com/news-release/2026/04/21/3278303/0/en/lost-money-with-drvn-contact-glancy-prongay-wolke-rotter-llp.html"},"analysis":{"id":"2232","press_release_id":"3336","analysis_json":{"industry":{"label":"Consumer Services","sector":"Consumer Discretionary"},"redFlags":["Financial statements require restatement due to material errors dating back to 2023","Stock price dropped 30.2% on disclosure of accounting errors","Allegations of inappropriately recognized revenue and unreconciled cash accounts"],"eventType":"legal_litigation","narrative":"A securities fraud class action has been filed against Driven Brands on behalf of investors who purchased shares between May 3, 2023 and February 24, 2026.\n\nThe lawsuit alleges that the company made materially false statements and failed to disclose accounting issues, including inappropriately recognized revenue and unreconciled cash differences, which require a restatement of financial statements back to 2023.\n\nFollowing the disclosure of these errors on February 25, 2026, the company's stock price fell $5.01, or 30.2%, to close at $11.60 per share.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Driven Brands plunges 30% on accounting fraud allegations and restatement announcement as class action suit mounts."},"keyFigures":{"customDimensions":{"stockDropAmount":"$5.01","stockDropPercent":"30.2%","closingPriceFeb25":"$11.60","leadPlaintiffDeadline":"May 8, 2026"}},"quotedText":"material errors in [the Company’s] previously issued consolidated financial statements","namedEntities":{"people":[{"name":"Charles Linehan","role":"Contact"}],"products":[],"companies":[{"name":"Glancy Prongay Wolke & Rotter LLP","relationship":"plaintiff counsel"},{"name":"Driven Brands Holdings Inc.","ticker":"DRVN","relationship":"defendant"}],"dollarAmounts":[{"amount":"$5.01","context":"stock price decline on February 25, 2026"},{"amount":"$11.60","context":"closing share price on February 25, 2026"}]},"materialImpact":{"score":5,"reasoning":"The disclosure of material accounting errors and the need for a full restatement of financials dating back to 2023 triggered a 30.2% single-day stock decline, representing a severe market-moving event and significant corporate governance failure."},"tickerRelevance":{"others":[],"primary":"DRVN"},"eventTypeSecondary":[]},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"bearish","material_impact_score":5,"narrative":"A securities fraud class action has been filed against Driven Brands on behalf of investors who purchased shares between May 3, 2023 and February 24, 2026.\n\nThe lawsuit alleges that the company made materially false statements and failed to disclose accounting issues, including inappropriately recognized revenue and unreconciled cash differences, which require a restatement of financial statements back to 2023.\n\nFollowing the disclosure of these errors on February 25, 2026, the company's stock price fell $5.01, or 30.2%, to close at $11.60 per share.","key_figures":{"customDimensions":{"stockDropAmount":"$5.01","stockDropPercent":"30.2%","closingPriceFeb25":"$11.60","leadPlaintiffDeadline":"May 8, 2026"}},"named_entities":{"people":[{"name":"Charles Linehan","role":"Contact"}],"products":[],"companies":[{"name":"Glancy Prongay Wolke & Rotter LLP","relationship":"plaintiff counsel"},{"name":"Driven Brands Holdings Inc.","ticker":"DRVN","relationship":"defendant"}],"dollarAmounts":[{"amount":"$5.01","context":"stock price decline on February 25, 2026"},{"amount":"$11.60","context":"closing share price on February 25, 2026"}]},"model_name":"glm-4.7","prompt_hash":"sha256:2f2748f0fcc8c4f2","schema_hash":"sha256:ad96b863d7123008","created_at":"2026-04-21T22:28:24.002Z","global_importance":3,"audience_relevance":3,"importance_components":{"method":"backfill-heuristic","signals":{"bodyLong":false,"headlineTier1":false,"tickerCovered":false,"hadSignificance":false},"version":1,"computedAt":"2026-04-27T11:52:53.641Z"}},"durationMs":33047,"modelName":"glm-4.7"}}