Class Action Lawsuit Filed Against Driven Brands Holdings, Inc.

Bragar Eagel & Squire, P.C. has filed a class action lawsuit against Driven Brands Holdings, Inc. in the United States District Court for the Western District of North Carolina. The lawsuit alleges that Driven made false and misleading statements regarding its ability to efficiently integrate acquired businesses, particularly in the auto glass and car wash segments. The company's former CFO left abruptly, and Driven reported disappointing financial results for Q2 2023, leading to a significant stock price decline.