New York, New York–(Newsfile Corp. – March 13, 2022) – WHY: New York, NY March 13, 2022. Rosen Law Firm, an international investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Verra Mobility Corporation VRRM resulting from allegations that Verra may have provided misleading business information to the investing public.
SO WHAT: If you purchased Verra titles, you may be entitled to compensation without payment of out-of-pocket expenses or costs through a contingency fee arrangement. The Rosen law firm is preparing a class action lawsuit to recover investors’ losses.
WHAT TO DO NEXT: To join the potential class action, go to https://rosenlegal.com/submit-form/?case_id=3848 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
WHAT DOES IT TALK ABOUT: On February 28, 2022, Verra issued a press release “announcing[ing] his filing of a Form 12b-25 with the Securities and Exchange Commission (“SEC”) to disclose that he will not be able to file his Form 10-K by the March 1, 2022 due date and that ‘he shouldn’t do so within the 15-day extension allowed by the form.” Verra further revealed that “[d]During its review process of the 2021 year-end financial statements, Verra Mobility Corporation (the “Company”) determined that the revenues of the Company’s recently acquired Australian subsidiary, Redflex Holdings Limited, could not – not be recorded in accordance with generally accepted accounting principles. The Company’s Audit Committee is investigating the circumstances surrounding these issues to determine, among other things, whether a related adjustment is required for the previously released financial statements for the second and third quarters of fiscal 2021.”
On this news, Verra’s stock price fell $0.85 per share, or 4.8%, to close at $16.80 per share on February 28, 2022, hurting investors.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these companies do not bring securities class action lawsuits. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116538