The Verra Mobility Corp. securities case is moving forward.
Otucu v. Verra Mobility Corporation et al., No. 2:26-cv-03973 (D. Ariz.)
A court-appointed lead plaintiff is now litigating on behalf of all class members. If you bought VRRM during the class period, your potential claim is unaffected — you didn't need to do anything by the deadline. Register to follow the case and have your losses evaluated for free.
- No cost to participate
- No fee unless investors recover
- Talk to a real person, not a call center
- Lead plaintiff deadline
- Passed — August 4, 2026
- Class members' claims unaffected
- Class period
- Feb 24, 2026 – May 26, 2026
- Eligible purchases fall between these dates
What happened to VRRM
About this case
The complaint alleges that Verra Mobility provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Verra's relationship with Avis Budget Group (Avis), and in particular obtaining a contract extension with Avis. Further, the Company minimized concerns that major rent-a-cars could replace Verra with in-house solutions or outsourced alternatives. On May 26, 2026, Verra issued a press release announcing a termination notice from Avis regarding its contract and accordingly lowered its 2026 full-year financial outlook. Almost one week later on June 1, 2026, the Company announced a sudden and surprising transition of its President and Chief Executive Officer David Roberts. Following this news, the price of Verra's common stock declined dramatically. From a closing market price of $13.08 per share on May 26, 2026, Verra's stock price fell to $3.85 per share on May 27, 2026, a decline of about 71%.
The allegations, in plain terms
- Feb. 24, 2026 — Class period beginsThe complaint alleges that starting on this date, Verra Mobility made overwhelmingly positive statements to investors while concealing material adverse facts about the true state of its relationship with Avis Budget Group, including the prospects of obtaining a contract extension with Avis.
- During the class periodPer the complaint, the Company also allegedly minimized concerns that major rent-a-car companies could replace Verra with in-house solutions or outsourced alternatives.
- May 26, 2026 — Avis contract termination disclosedVerra issued a press release announcing that Avis had provided a termination notice regarding its contract, and the Company lowered its 2026 full-year financial outlook, per the complaint.
- May 27, 2026 — Stock falls ~71%Following the announcement, Verra's stock price fell from a closing price of $13.08 per share on May 26, 2026 to $3.85 per share on May 27, 2026, a decline of about 71%, per the complaint.
- June 1, 2026 — CEO transition announcedThe complaint alleges that about a week later, the Company announced a sudden and surprising transition of its President and Chief Executive Officer, David Roberts. The stock declined further following this news.
Summarizes allegations in the complaint — they are not findings of any court.
We screen hundreds of stock drops every year and file only a handful. If we're investigating this one, it's because we believe in it.
Block & Leviton is run by the partners whose names are on the door — and our clients deal with them directly, whatever the size of the loss. That's the point of staying small.
A dismissed case turned into a $150 million record.* A recovery from a company that went bankrupt. We build cases to go the distance — not to settle cheap.
* Subject to court approval. Prior results do not guarantee a similar outcome.
Who we are — and why we're involved
Block & Leviton represents investors. We never represent the companies we investigate. When a company's own disclosures reveal that shareholders were misled, we investigate and bring claims to recover those losses.
Our clients are people like you: individual investors, retirees, and pension funds harmed when the truth comes out and a stock falls. There is no cost to you to participate, and attorneys' fees are paid only out of a recovery approved by the court.
Who you'll be dealing with
Jake Walker
Represents investors in securities class actions nationwide.
Your first call will usually be with David White, our investor liaison — and our partners are directly involved in every case.
A record courts have trusted
NextEra Energy — $150 million
The district court dismissed the case. We appealed — and won a unanimous reversal in the Eleventh Circuit Court of Appeals. The result: a $150 million settlement — the largest securities class action settlement in the Southern District of Florida in more than 30 years.*
Dismissed — then revived when we persuaded the court to reconsider its own judgment. Settled in 2026.
Recovered for investors even after Tricida itself went bankrupt.
Federal courts have appointed Block & Leviton lead counsel in securities class actions on behalf of investors nationwide. Our attorneys have recovered billions of dollars for investors, retirees, and pension funds.
* Subject to court approval. Prior results do not guarantee a similar outcome. Attorney advertising.
Common questions
Will this cost me anything?
No. There is no cost to submit your information, no cost to participate, and no out-of-pocket cost ever. If there's a recovery, attorneys' fees are paid from it and must be approved by the court.
Do I have to go to court or sue anyone myself?
No. The case is brought on behalf of all affected investors as a group. Unless you choose to seek a larger role, participating requires essentially nothing from you.
I'm already part of the class automatically — so why submit my information?
It's true: if you bought VRRM during the class period, you're a class member whether or not you contact anyone. Submitting your information lets us evaluate your specific losses, keep you informed as the case develops, and tell you whether you may benefit from a larger role in the case.
The lead plaintiff deadline passed — am I out of luck?
No. That deadline only governed who could seek appointment to lead the case. Your potential claim as a class member is unaffected — if the case succeeds, class members who file valid claims share in the recovery, and we'll keep you informed of every step if you register.
I sold my shares after the drop — am I still eligible?
Possibly, yes. What generally matters is that you purchased shares during the class period and were harmed by the decline. Whether you still hold shares today doesn't necessarily disqualify you — submit your details and we'll evaluate your situation.
Does submitting this form make you my lawyers?
No — and that's a protection for you. Submitting the form only lets us evaluate your potential claim, at no cost. If we determine we can help and you decide to move forward, we'll send you a written retainer agreement that spells out the relationship, the contingency fee, and your rights. You're never committed to anything until you've read and signed it.
What happens after I submit the form?
Our team reviews your submission — usually within one business day. David, our investor liaison, will reach out by phone or email, and our partners are directly involved in every case. You're never obligated to do anything.
Attorney advertising. Prior results do not guarantee a similar outcome. Block & Leviton LLP is responsible for the content of this page. Submitting information through this page does not create an attorney-client relationship.