GRABAR LAW OFFICE INVESTIGATES CLAIMS ON BEHALF OF SHAREHOLDERS OF VERRA MOBILITY CORPORATION (NASDAQ: VRRM)
Grabar Law Office is investigating claims on behalf of shareholders of Verra Mobility Corp. (NASDAQ: VRRM). The investigation concerns whether certain officers and directors breached the fiduciary duties they owed to the company.
Verra Mobility Corporation provides smart mobility technology solutions in the United States, Australia, Europe, and Canada. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment offers automated toll and violations management, and title and registration solutions to rental car companies, direct commercial fleet owner-operators, fleet management companies, and other fleet owners. The Government Solutions segment provides photo enforcement solutions and services to its customers, including complete, end-to-end speed, red-light, and school bus stop arm and bus lane enforcement solutions; and traffic enforcement products and recurring maintenance services related to the equipment and software. This segment serves municipalities, counties, school districts, and law enforcement agencies. The Parking Solutions segment offers an integrated suite of parking software, transaction processing and hardware solutions.
WHY? As alleged in a recently filed securities fraud class action complaint, Verra Mobility Corporation (NASDAQ: VRRM), through certain of its executives, violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (i) 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; (ii) 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 (iii) 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.
On May 26, 2026, Verra Mobility allegedly issued a press release announcing that it had received a termination notice from Avis Budget Group regarding its contract, effective September 2026, and that Verra Mobility’s management lowered its full year 2026 financial outlook as a result. On this news, the price of Verra Mobility stock declined approximately 71%, according to the complaint.
WHAT CAN YOU DO NOW? If you purchased Verra Mobility (NASDAQ: VRRM), shares prior to February 24, 2026, and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Alternatively, if you purchased Verra Mobility shares between February 24, 2026 and May 26, 2026, you can participate in the class action.