Feb. 27 at 12:32 PM
$DRVN has agreed to settle with investors over claims that it misled them about the integration of its auto glass acquisitions and overstated the stability of its car wash segment.
Who’s eligible?
Anyone who purchased
$DRVN shares between October 27, 2021 and August 1, 2023.
Do I need to sell my shares to qualify?
No — you are eligible whether you sold your shares or still hold them.
How much is the payout?
The payout per share is
$0.85 — but normally only ~25% of eligible investors file, the effective payout could increase to around
$3.40 per share.
Can I still file?
Yes — the court in the W.D. North Carolina has preliminarily approved the
$25,000,000 cash settlement and claims are being accepted.
When do payouts happen?
Typically within 8–12 months after final court approval of the settlement.
To file your claim: https://11th.com/cases/driven-brands-investor-suit
