DRVN - Investor Notice: Robbins LLP Informs Investors of Class Action Filed Against Driven Brands Holdings Inc. (DRVN) | Benzinga
SAN DIEGO, Dec. 26, 2023 (GLOBE NEWSWIRE) --
Robbins LLP informs investors that a shareholder filed a class action on behalf of all purchasers of Driven Brands Holdings Inc. (NASDAQ:DRVN) common stock between October 27, 2021 and August 1, 2023. Driven is the largest automotive services company in North America, providing customers with a range of automotive needs, including paint, collision, glass, oil change, maintenance, and car wash.
For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What is this Case About: Driven Brands Holdings Inc. (DRVN) Misled Investors Regarding its Ability to Integrate its U.S. Auto Glass Business and the Performance of its Car Wash Segment
According to the complaint, during the class period, Driven repeatedly touted its ability to execute and integrate acquisitions as a "core strength," and assured investors that it had made "significant progress" integrating the auto glass businesses it had acquired. The Company also represented that the large scale of its car wash business served as a "competitive moat" that would preserve Driven's competitive position. In truth, Driven was "several quarters" behind on integrating its auto glass businesses, and the Company's car wash ...
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