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DRIVEN BRANDS INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Driven Brands Holdings Inc. - DRVN

Driven Brands Holdings Inc. (DRVN) 
Company Research Source: Business Wire
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Driven Brands Holdings Inc. (NasdaqGS: DRVN).On August 2, 2023, the Company disclosed 2Q2023 earnings that missed expectations, including disappointing results for its Glass business segment, that was at least “several quarters” behind on its integration of the businesses it had acquired, its Car Wash segment that suffered from increased exposure to “intensified competitive intrusion” that negatively impacted demand, as well as its Paint and Collision segments. As a result of delays in its integration of its acquired auto glass businesses and the faltering performance of its car wash businesses, the Company slashed its full-year earnings guidance for fiscal 2023, despite prior affirmations of the same.Thereafter, the Company and certain of its executives were sued in a sec Show less Read more
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