Press release
Verra Mobility Corporation (NASDAQ: VRRM) Long Term Investor Alert: Investigation of potential Wrongdoing
An investigation on behalf of current long term investors in Verra Mobility Corporation (NASDAQ: VRRM) shares.
Investors who are current long term investors in Verra Mobility Corporation (NASDAQ: VRRM) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in Verra Mobility Corporation (NASDAQ: VRRM stocks follows a lawsuit filed against Verra Mobility Corporation (NASDAQ: VRRM over alleged securities laws violations. The investigation on behalf of current long term investors in Verra Mobility Corporation (NASDAQ: VRRM stocks, concerns whether certain Verra Mobility Corporation (NASDAQ: VRRM officers and directors are liable in connection with the allegations made in that lawsuit.
Mesa, AZ based Verra Mobility Corporation provides smart mobility technology solutions in the United States, Australia, Europe, and Canada. Verra Mobility Corporation (NASDAQ: VRRM) reported that its annual Total Revenue rose form $879.2 million in 2024 to $979.07 million in 2025, and that its Net Income increased from $31.44 million in 2024 to $136.63 million in 2025.
On May 26, 2026, Verra issued a press release announcing a termination notice from Avis regarding its contract and accordingly lowered its 2026 full-year financial outlook. Almost one week later on June 1, 2026, the Company announced a sudden and surprising transition of its President and Chief Executive Officer David Roberts.
Shares of Verra Mobility Corporation (NASDAQ: VRRM) declined from $18.91 per share on February 24, 2026, to as $3.40 per share on May 27, 2026.
According to that complaint filed in the U.S. District Court for the District of Arizona the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the defendants created the false impression that they possessed reliable information pertaining to Verra Mobility's projected revenue outlook and anticipated growth of its commercial services segment, assurances of contract renewals with major rent-a-car customers, growth in its rental car tolling business and repeatedly affirmed Verra Mobility's 2026 full year guidance, that Verra Mobility's optimistic plan for continued growth in its commercial services business was dependent on its relationship with Avis Budget Group, and in particular obtaining a contract extension with Avis Budget Group, and that Verra Mobility minimized concerns that major rent-a-car customers could replace Verra Mobility with in-house solutions or outsourced alternatives, making Verra Mobility's 2026 full year guidance increasingly unlikely to be met.
Those who purchased shares of Verra Mobility Corporation (NASDAQ: VRRM) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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