Saxena White P.A. is pleased to announce that on June 1, 2026, the U.S. District Court for the Western District of North Carolina appointed Miramar Police Officers’ Retirement Plan and Trust Fund, City of East Point Employees Retirement Plan, City of Hollywood Police Officers’ Retirement System, and Riviera Beach Municipal Firefighters’ Pension Trust Fund (collectively, the Retirement Systems) as Lead Plaintiff and Saxena White P.A. as Co-Lead Counsel in the securities class action against Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) and certain of its officers and executives (collectively, “Defendants”).

The action alleges that Defendants misled investors about Driven Brands’s business strategy centered on growth and generating cash, which was premised on the Company’s brand identity: “Driven is Growth and Cash.” Specifically, Defendants failed to disclose: (i) material weaknesses in the Company’s internal controls over financial reporting; (ii) the Company’s financial statements for fiscal years 2023, 2024, and the first three quarters of fiscal year 2025 contained material errors; and (iii) the affected financial statements were unreliable and would need to be restated. These misrepresentations caused investors to purchase Driven Brands common stock at artificially inflated prices, resulting in losses when the truth emerged.