the 4 most frequently asked questions about the DRIVEN BRANDS LAWSUIT

If you suffered losses Driven Brands stock, contact Driven Branks stock loss lawyer Timothy L. Miles about a Driven Brands class action lawsuit

INTRODUCTION TO THE EAGLE PHARMACEUTICALS CLASS ACTION LAWSUIT

Contact us about a Driven Brands class action lawsuit if you suffered losses in Driven Brands stock

The Driven Brands class action lawsuit seeks to represent purchasers of Driven Brands Holdings Inc. (NASDAQ: DRVN) publicly traded securities between October 27, 2021 and August 1, 2023, inclusive (the “Class Period”). Captioned Genesee County Employees’ Retirement System v. Driven Brands Holdings Inc., №23-cv-00895 (W.D.N.C.), the Driven Brands class action lawsuit charges Driven Brands and certain of its top current and former executive officers with violations of the Securities Exchange Act of 1934.
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If you suffered losses in Driven Brands stock and wish to serve as lead plaintiff in the Driven Brands class action lawsuit, or just have general questions about your rights as a shareholder, please contact Driven Brands Stock Loss Lawyer Timothy L. Miles at no charge by calling 855/846–6529 or via e-mail at [email protected] or by submitting a contact form.

Lead plaintiff motions for the Driven Brands class action lawsuit must be filed with the court no later than February 20, 2024.

Read on to learn the answers to what are by far the four most frequently asked questions in the Driven Brands class action lawsuit, with the last one being the overwhelming most frequently asked question.

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What are the ALLEGATIONS IN THE DRIVEN BRANDS CLASS ACTION LAWSUIT?

​Driven Brands provides customers with a range of automotive needs, including paint, collision, glass, oil change, maintenance, and car wash.

The Driven Brands class action lawsuit alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that Driven Brands was at least “several quarters” behind on integrating the auto glass business it had acquired and Driven Brands’ car wash business was more exposed to the negative impacts from a decline in demand from retail customers than it represented to investors.

​The Driven Brands class action lawsuit further alleges that on August 2, 2023, Driven Brands announced disappointing financial results for the second quarter of 2023 for both its auto glass and car wash business segments and slashed its full-year guidance for fiscal year 2023.  On this news, Driven Brands common stock fell more than 41%, according to the complaint.

WHAT IS THE LEAD PLAINTIFF PROCESS IN THE DRIVEN BRANDS CLASS ACTION LAWSUIT?

The PSLRA permits any investor who purchased and suffered losses in Driven Brands stock to seek appointment as lead plaintiff in the Driven Brands class action lawsuit A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. 
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​A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit.  An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Driven Brands stock and have further questions, contact Driven Brands​​ stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a Driven Brands class action lawsuit.

WHAT ARE THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE DRIVEN BRANDS LAWSUIT?

Serving as a Lead Plaintiff in the Driven Brands lawsuit has several advantages and important benefits including:

• A Lead Plaintiff is able to negotiate more competitive attorney fees and reduce other litigation costs by actively monitoring the class counsel.
• Lead Plaintiff has the benefit of being able to manage the litigation primarily by overseeing and monitoring the progress of the action and the efforts of counsel, and being able to review and comment on important filings and other documents pertaining to the prosecution of the action.
• There is no financial risk in serving as a Lead Plaintiff because Lead Counsel advances all costs and expenses incurred it the prosecution of the case and will be reimbursed only if there is a successful settlement or judgment recovery on behalf of the class.
• Lead Plaintiff has the benefit involved and active in all negotiations relating to any settlement.
• Lead Plaintiffs that continue owning the stock of the defendant will enjoy the long-term benefits from governance reform resulting from the litigation. 

Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against Driven Brands​ if you suffered losses in Driven Brands stock. ​

CAN I SELL MY STOCK AND STILL BE A MEMBER OF THE CLASS IN THE DRIVEN BRANDS CLASS ACTION LAWSUIT?

The answer to the most frequently asked by far is yes. There is no requirement for you to retain ownership of the stock after the class period has expired to participate in the Driven Brands lawsuit. You may sell some or all of your holdings since the end of the class period has expired and still participate in the Driven Brands lawsuit.

CONTACT A DRIVEN BRANDS STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN DRIVEN BRANDS STOCK ABOUT A DRIVEN BRANDS CLASS ACTION LAWSUIT

​If you suffered losses in Driven Brands stock, contact Driven Brands stock loss lawyer Timothy L. Miles today for a free case evaluation about a Driven Brands class action lawsuit. Call today and see what a Driven Brands stock loss lawyer could do for you if you suffered losses in Driven Brands stock.  The call is free and so is the fee unless we will settle your case. 

The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846–6529
​Email: [email protected]
 

Driven Brands stock loss lawyer Timothy L. Miles

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,  shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,​Class Action:  Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
​​Phone: (855) 846-6529
​Email: [email protected]