Verra Mobility Corporation (NASDAQ: VRRM)

This investigation is for anyone who acquired securities in Verra Mobility Corporation (NASDAQ: VRRM) prior to February 28, 2022.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by stating that it had controls in place to properly account for its recently acquired Australian subsidiary, Redflex Holdings Limited, but then not properly accounting for the acquisition.

On February 28, 2022, Verra announced that revenues from its recently acquired Australian subsidiary, Redflex Holdings Limited, were not recorded in accordance with generally accepted accounting principles. The Company’s Audit Committee was investigating whether any related adjustment is necessary for the previously issued financial statements for the second and third quarters of fiscal year 2021. As a result, Verra would not timely file its 2021 annual report. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. .

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Verra Mobility Corporation (NASDAQ: VRRM) prior to February 28, 2022 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.