Pomerantz LLP has filed a class action lawsuit against Verra Mobility Corporation and reminds investors who purchased or acquired Verra securities during the Class Period that they have until August 4, 2026, to seek appointment as Lead Plaintiff. The lawsuit concerns whether Verra and certain officers and/or directors engaged in securities fraud or other unlawful business practices. On May 26, 2026, Verra disclosed receipt of a termination notice effective September 2026 from Avis Budget Group, historically one of its largest customers, and announced immediate cost-cutting actions and a revised 2026 outlook, despite confirming all 2026 guidance metrics just 20 days earlier. Following this news, Verra’s stock price fell $9.23 per share, or 70.57%, to close at $3.85 per share on May 27, 2026. Investors with losses are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980.
Verra Mobility CorpVerra Mobility lost its largest customer Avis Budget Group, causing a 70% stock drop and revised outlook.
Avis Budget Group IncAvis Budget Group terminated its contract with Verra Mobility, indicating reduced demand for Verra's services.