Verra Mobility Corporation
| Company Name | Verra Mobility Corporation |
| Stock Symbol | VRRM |
| Class Period | February 24, 2026 to May 26, 2026 |
| Lead Plaintiff Motion Deadline | August 04, 2026 |
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If you suffered a loss on your Verra Mobility Corporation investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filling out this form mean you have joined any lawsuit.
Background
On May 26, 2026, Verra disclosed that it had received a termination notice from Avis Budget Group regarding its contract. The Company accordingly lowered its full year 2026 financial outlook.
On this news, Verra’s stock price fell $9.23, or 70.6%, to close at $3.85 per share on May 27, 2026, thereby injuring investors.
On June 1, 2026, Verra announced that its President and Chief Executive Officer had been terminated as “the Board determined that a change in leadership [was] needed[.]”
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Verra’s optimistic plan for continued growth in its Commercial Services business was dependent on its relationship with Avis, and in particular obtaining a contract extension with Avis Budget; (2) the Company minimized concerns that major RACs could replace Verra with in-house solutions or outsourced alternatives, making Verra’s 2026 full year guidance increasingly unlikely to be met; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
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