NEW YORK,
Feb. 15,
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=67018&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=67018&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 Gross Law Firm