On February 28, 2022, Verra issued a press release “announc[ing] its filing of a Form 12b-25 with the Securities and Exchange Commission (“SEC”) to disclose that it will not be able to file its Form 10-K by its due date of March 1, 2022 and is not expected to do so within the 15-day extension period allowed by the Form.” Verra further disclosed that “[d]uring its year-end 2021 financial statement review process, Verra Mobility Corporation (the “Company”) determined that revenues from the Company’s recently acquired Australian subsidiary, Redflex Holdings Limited, may not have been recorded in accordance with generally accepted accounting principles. The Company’s Audit Committee is conducting an investigation of the circumstances surrounding these issues to determine, among other things, whether any related adjustment is necessary for the previously issued financial statements for the second and third quarters of fiscal year 2021.”
Verra Mobility Corporation
Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Verra Mobility Corporation (NASDAQ: VRRM) resulting from allegations that Verra may have issued materially misleading business information to the investing public.
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Details of investigation:
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