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Class action lawsuit filed against Driven Brands over financial restatement and alleged fraud.

Market News
02 Apr 2026
PRNewsWire
View Source
Bearish
pluang ai news

Driven Brands Holdings Inc. faces a class action lawsuit alleging securities fraud after the company disclosed material errors in its financial statements for 2023 and 2024, requiring a restatement. The errors involved lease accounting, cash reconciliations, expense misclassifications, and revenue recognition issues, leading to a significant drop in Driven's stock price by over 30% in February 2026. Investors who purchased Driven securities during the affected period can seek to join the lawsuit by May 11, 2026. The case highlights concerns about Driven's internal controls and financial reporting integrity.

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Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

Global automotive microcontrollers market to reach $34.31B by 2035, driven by ADAS, electrification, and software-defined vehicles.

The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...

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Bitcoin could drop to $38,000 by October if 2025-26 downturn mirrors 2022 bear market, says NYDIG.

Bitcoin could drop to $38,000 by October if 2025-26 downturn mirrors 2022 bear market, says NYDIG.

NYDIG projects Bitcoin might fall to $38,000-$39,000 by October 2026 if the current 2025-26 market decline matches the depth of the 2022 bear market. Bitcoin is currently trading near $64,500, down about 30% this year and roughly 50% below its Octobe...

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PepsiCo rated strong buy with 13.7-18.2% growth forecast, driven by dividends, EPS, and undervaluation.

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PepsiCo is rated a strong buy due to its attractive combination of dividend yield, earnings growth, and undervaluation. The company is projected to achieve a forward compound annual growth rate (CAGR) between 13.7% and 18.2%, supported by dividend in...

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Bullish
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XRP Ledger surpasses 8M activated accounts amid rising institutional and AI adoption

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Ora Banda Mining mencatat rekor produksi emas kuartalan, mengakhiri tahun fiskal 2026 dengan arus kas yang kuat dan basis sumber daya yang lebih besar.

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