LOS ANGELES–(BUSINESS WIRE)–Schall law firma national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Verra Mobility Corporation (“Verra” or “the Company”) (NASDAQ: VRRM) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Verra issued a press release on February 28, 2022, “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 should not do so within the 15-day extension allowed by the form. The company further disclosed that “During its review process of the 2021 year-end financial statements, Verra Mobility Corporation (the “Company”) determined that revenues from the Company’s recently acquired Australian subsidiary, Redflex Holdings Limited, may not have been registered 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 necessary for previously released financial statements for the second and third quarters of fiscal 2021.”
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
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