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Class Action Lawsuit Filed Against Driven Brands Holdings Inc.
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Overview
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Kirby McInerney LLP has filed a class action lawsuit on behalf of Driven Brands Holdings Inc. (DRVN) investors, alleging false and/or misleading statements by the company. The lawsuit stems from Driven's disclosure of financial results for the first quarter of 2023, the departure of its former Chief Financial Officer, and disappointing results for the second quarter of 2023. The company's stock price declined significantly as a result.
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How might the departure of the former Chief Financial Officer impact the company's financial performance?
What are the specific allegations of false and misleading statements?
What potential consequences could this class action lawsuit have for Driven Brands Holdings Inc.?
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