Verra Mobility Corp. Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm
Boston, Massachusetts--(Newsfile Corp. - April 7, 2022) - Block & Leviton is investigating Verra Mobility Corp. (NASDAQ: VRRM) for potential securities law violations. Investors who have lost money in their Verra Mobility Corp. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/vrrm.
What is this all about?
On February 28, 2022, Verra Mobility Corp., a smart mobility technology company, announced it is unable to file form 10K as planned due to its recent discovery that revenues from the Company's recently acquired Australian subsidiary, Redflex Holdings Limited, may not have been recorded in accordance with generally accepted accounting principles. The Company's audit committee is conducting an investigation to determine whether any adjustment is necessary for previously issued financial statements for the second and third quarters of 2021.
On this news, shares of Verra Mobility Corp. fell as much as 8% in intraday trading on February 28, 2022.
Who is eligible?
Anyone who purchased Verra Mobility Corp. shares and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email email@example.com with any questions.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
SOURCE: Block & Leviton LLP
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/119662