Ongoing Securities Investigation into Verra Mobility Corporation (VRRM) - Contact Levi & Korsinsky Ready to Announce with Confidence?
New York, New York--(Newsfile Corp. - May 28, 2026) - Levi & Korsinsky notifies investors that it has commenced an investigation into Verra Mobility Corporation ("Verra Mobility Corporation") (NASDAQ: VRRM) concerning potential violations of the federal securities laws.
On May 6, 2026, CFO Craig Conti stated: "Based on our first-quarter results and our outlook for the remainder of the year, we are reaffirming all guidance measures." That guidance included total revenue of $1.02 billion to $1.03 billion. On May 26, 2026 -- just twenty days later -- the Company that Avis Budget Group had terminated a contract representing more than 10% of revenue, estimating a $135M-$145M annualized impact to its Commercial Services segment and withdrew its prior guidance.
CEO David Roberts had characterized the Commercial Services contract renewal negotiations as "ongoing and constructive" during the same May 6 call. The contract termination had not been referenced in any SEC filing or public statement prior to the May 26 disclosure. Following the announcement that Avis Budget Group had ended a contract representing more than 10% of revenue, the stock declined sharply by roughly 40-45%.
If you suffered a loss on your Verra Mobility Corporation securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299305
Source: Levi & Korsinsky, LLP
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