MarketPulse

material errors

24 articles
BenzingaBenzinga··Business Wire

Driven Brands Faces Securities Investigation After 30% Stock Plunge on Accounting Errors

Schall Law Firm investigates $DRVN for securities violations following material financial restatements. Stock tumbled 30% as company delays earnings release.
DRVNstock declineshareholder litigation
GlobeNewswire Inc.GlobeNewswire Inc.··Bragar Eagel & Squire, P.C.

Law Firm Opens Investigation Into Driven Brands Over Financial Statement Errors

Law firm investigates Driven Brands over material financial statement errors; stock fell 30% following disclosure.
DRVNclass action lawsuitsecurities investigation
BenzingaBenzinga··Business Wire

Driven Brands Restatement Triggers 40% Stock Plunge, Securities Probe Launched

Driven Brands stock plummets 40% after restating financials due to multi-year accounting errors including improper revenue recognition and lease accounting. Securities fraud probe launched.
DRVNsecurities fraudstock decline
GlobeNewswire Inc.GlobeNewswire Inc.··Faruqi & Faruqi, Llp

Driven Brands Faces Investor Investigation After Restatement of Financial Statements

Driven Brands faces investor investigation after restating financial statements due to material accounting errors in lease accounting, cash irregularities, and overstated expenses. Stock fell 30%.
DRVNstock declineinternal control weaknesses