NEW
YORK, Feb. 9, 2024 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Driven
Brands Holdings Inc..
Shareholders who purchased shares of DRVN during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/driven-brands-holdings-inc-loss-submission-form/?id=66430&from=4
CLASS PERIOD: October 27,
2021 to August 1, 2023
ALLEGATIONS: 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.
DEADLINE: February 20, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/driven-brands-holdings-inc-loss-submission-form/?id=66430&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of DRVN during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is February 20, 2024. There is no
cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm