Portnoy Law Firm Announces Class Action on Behalf of Verra Mobility Corporation Investors
The Portnoy Law Firm issued a shareholder-solicitation notice announcing a class action lawsuit on behalf of Verra Mobility Corporation investors. The lawsuit alleges the company made false statements regarding its relationship with Avis Budget Group and concealed risks associated with contract termination, which allegedly caused a 71% stock decline in May.
Key figures
- Post share price
- $3.85
- Prior share price
- $13.08
- Profit impact range
- $120 million to $125 million
- Revenue impact range
- $135 million to $145 million
- Stock decline percent
- 71%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.