SAN DIEGO, Feb. 28, 2022 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Verra Mobility Corporation ("Verra" or the "Company") (NASDAQ: VRRM), any of its executive officers, or others violated federal securities laws by misrepresenting or failing to timely disclose material, adverse information to investors.
What actions may I take at this time? If you purchased Verra securities and suffered significant losses on your investment, contact Johnson Fistel, LLP to submit your losses:
- Contact Lead Securities Analyst Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
- Click [here] or paste the following web address into your browser to join the investigation:
https://www.cognitoforms.com/JohnsonFistel/VerraMobilityCorporation - For more information, visit our website at https://www.johnsonfistel.com/faq
There is no cost or obligation to you.
What if I have information relevant to the investigation? Individuals with nonpublic information regarding Verra should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
What is Johnson Fistel investigating? On or around February 28, 2021, Verra Mobility Corporation (the "Company") determined that revenues from the Company's recently acquired Australian subsidiary, Redflex Holdings Limited, may not have been recorded by generally accepted accounting principles. The Company's Audit Committee is investigating the circumstances surrounding these issues to determine, among other things, whether any related adjustment is necessary for the previously issued financial statements for the second and third quarters of the fiscal year 2021.
Following this report, the price of Verra shares was down over 7.6% in intraday trading on February 28, 2022.
Disclaimer: At this time, Johnson Fistel has not concluded whether any violations of law may have occurred or whether investors have valid legal claims for recovery of their losses.
About Johnson Fistel, LLP. Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in securities class action and derivative lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
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Contact:
Johnson Fistel, LLP
Jim Baker, Lead Securities Analyst
Telephone: (619) 814-4471
Email: jimb@johnsonfistel.com
To join this action, go to: https://www.cognitoforms.com/JohnsonFistel/VerraMobilityCorporation
