Securities fraud litigation history and active cases
In Litigation
1
Settlement
1
Closed
0
Total Settlement
$25M
3:26cv283 • March 9, 2026
Class Period Start
May 3, 2023
Class Period End
February 24, 2026
PSLRA Deadline
May 8, 2026
Case Allegations
10b5
Statutes of Repose
May 3, 2026
Country
United States
Court
Federal Court
Oct 9, 2026
After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.
Aug 10, 2026
A new complaint has been filed on behalf of certain investors in Driven Brands Holdings Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Jun 1, 2026
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
Apr 21, 2026
The plaintiff in this action has chosen not to proceed with the case. Once a case is voluntary dismissed, the courts will usually close the case and no further action will be taken.
Apr 16, 2026
A new complaint has been filed on behalf of certain investors in Driven Brands Holdings Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
3:23cv895 • December 22, 2023
Class Period Start
October 26, 2021
Class Period End
October 30, 2023
PSLRA Deadline
February 20, 2024
Case Allegations
10b5
Statutes of Repose
Oct 26, 2024
Country
United States
Court
Federal Court
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
July 6, 2026
Settlement Fund
$25,000,000
Settlement Status
Final Approval
Settlement Class
All persons or entities that purchased the common stock of Driven Brands Holdings Inc. (“Driven” or the “Company”) during the period from October 27, 2021 through August 1, 2023, inclusive.
Claim Administrator
Strategic Claims Services
P.O. Box 230
600 N. Jackson Street, Suite 205
Media, PA 19063
+1 855-433-7863
[email protected]
Settlement Website
https://drivenbrandssecuritieslitigation.com/Hearing Date
June 1, 2026
Opt-out Deadline
May 11, 2026
Settlement Note
Download hereProof Of Claim
Download here
Jun 9, 2026
Final Approval of Settlement
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Apr 27, 2026
Motion for Final Approval of Settlement
The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.
Mar 6, 2026
Notice of Pendency
Mar 6, 2026
Proof of Claim Form
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
Feb 5, 2026
Preliminary Approval of Settlement
The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.
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