Driven Brands’ $25 Million Investor Accord Gets Court Approval

Driven Brands Holdings Inc.‘s $25 million settlement earned a federal judge’s blessing to resolve investor allegations the automotive-services company overhyped both the integration of its glass repair platform and the performance of its car wash business.

The settlement class includes those who got Driven stock from Oct. 27, 2021, to Aug. 1, 2023, said Judge Max O. Cogburn Jr., giving the deal his final approval in an order entered Tuesday. The agreement in the US District Court for the Western District of North Carolina ends more than two years of litigation between investors, Driven, and two former executives. ...