Driven Brands Holdings Inc. (NASDAQ:DRVN) Securities Class Action

Frequently Asked Questions

What is the DRVN investigation about?

Attorneys are investigating whether, having assured investors of its financial integrity, Driven Brands may have intentionally concealed or obfuscated what was happening behind the scenes, leaving investors unaware of material information.

What does “participate” mean, if I choose to do so?

Investors in Driven Brands who have lost significant amounts may be eligible to play a leadership role in the lawsuit, potentially serving as a lead plaintiff. A lead plaintiff serves as a proxy, representing all other similarly harmed DRVN investors.

I worked at DRVN. What should I do?

If you were an employee of DRVN, you may have valuable information that could be relevant to the investigation. Hagens Berman is one of the nation’s top whistleblower law firms, and has successfully represented many individuals who come forward with information regarding corporate malfeasance. Under the new SEC Whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, contact Reed Kathrein at 844-916-0895 or [email protected].

There are multiple law firms participating, do I need to contact all of them?

No, you do not need to contact all participating law firms. Generally, class-action investigations and lawsuits are consolidated into a single case to streamline the legal process, and attorneys from only a few law firms are selected to serve in a leadership role on the consolidated case. Hagens Berman has a proven track record of being appointed to leadership roles in complex, multidistrict litigation regarding investor fraud issues and other significant cases, and your claim will be handled by attorneys who have helped secure approximately $325 billion in class-action settlements on behalf of individuals who have been harmed by corporate malfeasance and the wrongdoing of powerful institutions.

What is the threshold amount to be eligible? What are “substantial” losses?

The threshold amount and the definition of "substantial" losses may vary depending on a number of factors specific to the case, including the size of the company, market cap, shares outstanding and who holds them and the damages alleged. In general, to be eligible to participate in a class-action lawsuit, you must be able to demonstrate that you suffered financial losses as a result of the alleged wrongdoing and that your losses meet the criteria set by the court or law firm. If you choose to contact our law firm, the form to submit your losses will categorize them, allowing our team to quickly review your intake. Fill out the form and submit your losses.

All investors, regardless of amount lost, will be similarly eligible to recover losses. Those investors who have risked the greatest loss with Driven may be selected to lead the case as a proxy for other investors.

Am I affected? What do I need to do to participate?

If you were an investor in DRVN, you may be affected and eligible to participate in the case. To determine your eligibility and potential involvement, fill out the form and submit your losses.

Can any DRVN investor participate?

In most class-action investigations and cases, any investor who meets the eligibility criteria, including purchasing the shares during the relevant period, can participate, regardless of the size of their investment. Fill out the form to find out your rights.

I bought on a non-U.S. Exchange. Can I participate?

No. This investigation only covers shares bought on a U.S. exchange, i.e. NASDAQ or NYSE.

Am I included if I still hold my shares, or do I need to sell to participate?

Participation is based on purchasing shares during the relevant period, rather than your current holdings. Accordingly, you do not need to sell to participate. Fill out the form to find out your rights.