Driven Brands pays $650K to settle stockholder lawsuit mootness fee claims

Driven Brands Holdings Inc.

Agreed to pay $650,000 in attorneys' fees and expenses to resolve Bruce Taylor v. Driven Equity LLC et al. action.
Court dismissed action as moot on June 10, 2024; final closing order entered Nov 8, 2024.
Payment covers plaintiff's counsel fees and any mootness fee from two other stockholders who made litigation demands.
No changes to previously disclosed Amended and Restated Stockholders Agreement.

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