•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
ClaimsFiler says investors in Driven Brands Holdings Inc. (NasdaqGS: DRVN) have until May 8, 2026 to file lead plaintiff applications in securities class action lawsuits. The deadline applies to investors who purchased or otherwise acquired Driven’s shares between May 3, 2023 and February 24, 2026, inclusive (the “Class Period”). The actions are pending in the United States District Courts for the Southern District of New York and the Western District of North Carolina.
According to ClaimsFiler, the lawsuits allege that Driven and certain of its executives failed to disclose material information during the Class Period, in violation of federal securities laws.
On February 25, 2026, Driven disclosed that it had identified at least seven different categories of “material errors” in its consolidated financial statements for fiscal years 2023 and 2024, as well as in quarterly periods in 2025. The company said the financial statements “should not be relied upon and required restatement,” and that it would delay the filing of its Annual Report on Form 10-K for fiscal year 2025 while restating financials for fiscal years 2023 and 2024 and the first three quarters of 2025.
Following the disclosure, Driven’s share price fell nearly 40%, from a close of $16.61 on February 24, 2026 to an opening price of $9.99 on February 25, 2026.
ClaimsFiler identifies two related actions:
ClaimsFiler states that investors seeking to serve as lead plaintiff must submit applications by May 8, 2026 for the Class Period covering purchases or acquisitions between May 3, 2023 and February 24, 2026, inclusive.
ClaimsFiler describes its role as an information service for retail investors related to securities class action settlements. It says investors can register for free to access case information and settlement websites, upload portfolio transactional data to receive notifications about relevant securities cases, and submit inquiries to the law firm Kahn Swick & Foti, LLC for free case evaluations.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
