Kaskela Law LLC Announces Shareholder Investigation of Driven Brands Holdings, Inc. (NASDAQ: DRVN) and Encourages Long-Term DRVN Shareholders to Contact the Firm
Driven Brands Holdings Inc. (DRVN)
Company Research
Source: Business Wire
PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven”) on behalf of the company’s long-term investors.https://kaskelalaw.com/case/driven-brands-holdings/Recently a securities fraud complaint was filed against Driven on behalf of investors who purchased shares of the company’s stock between October 27, 2021 and August 1, 2023. According to the complaint, during that time period Driven and certain of the company’s senior executive officers made a series of materially false and misleading statements, and omitted to disclose material adverse information, concerning the Company’s two most important growth initiatives: (i) the creation of a nationwide auto-glass business by rapidly acquiring and integrating smaller companies into a single “platform,” and (ii) operational execution and customer retention in the Company’s critical car wash business. Specifically, the defendants are alleged to have “repeatedly
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News
- Driven Brands Holdings Inc. (NASDAQ: DRVN) had its price target raised by analysts at Canaccord Genuity Group Inc. from $19.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- Should You Exit Your Position in Driven Brands Holdings (DRVN)? [Yahoo! Finance]Yahoo! Finance
- Walk-On's Sports Bistreaux names third CEO in 2 years [Yahoo! Finance]Yahoo! Finance
- Driven Brands unloads its Canadian distribution business [Seeking Alpha]Seeking Alpha
- Driven Brands divests its Canadian distribution business [Seeking Alpha]Seeking Alpha
DRVN
Earnings
- 8/1/24 - Beat
DRVN
Sec Filings
- 8/27/24 - Form 4
- 8/9/24 - Form 4
- 8/9/24 - Form 3
- DRVN's page on the SEC website