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VRRM.US
id: 1020

Verra Mobility (VRRM) Resignation of Ernst & Young Case

  • On August 28, 2023, Verra disclosed that its independent registered public accounting firm, Ernst & Young, LLP, had resigned.
  • On it, $VRRM fell 6.8%, losing $221M+ of shareholder value.
  • Investors may have grounds to suspect that Verra hid some financial reporting issues, which led to their losses.
On August 28, 2023, Verra disclosed that its independent registered public accounting firm, Ernst & Young, LLP, had resigned.

On this news, $VRRM fell 6.8% and lost over $221 million of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Verra failed to disclose financial reporting setbacks, which led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
29 August 2023
Collecting participants…

Verra Mobility Corp

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Go...

    Ticker
    VRRM.US
    ISIN
    US92511U1025
    CIK
    1682745
    Sector
    Industrials
    Industry
    Infrastructure Operations
    Country
    USA
    Address
    1150 North Alma School Road, Mesa, AZ, United States, 85201