The Gross Law Firm reminds Verra Mobility Corporation shareholders that August 4, 2026 is the deadline to seek lead plaintiff appointment in a securities class action. The class period runs from February 24, 2026 to May 26, 2026. The complaint alleges that defendants made false and misleading statements about Verra's relationship with Avis Budget Group and the likelihood of a contract extension, while downplaying the risk that major rental car companies could replace Verra with in-house or outsourced alternatives. On May 26, 2026, Verra disclosed a termination notice from Avis and lowered its 2026 full-year financial outlook, and on June 1, 2026, the company announced the sudden departure of its President and CEO David Roberts. Verra's stock price fell from $13.08 per share on May 26, 2026 to $3.85 per share on May 27, 2026, a decline of about 71%.
Verra Mobility CorpSecurities class action and loss of Avis contract lead to 71% stock drop and lowered outlook.
Avis Budget Group Inc