$35 million is the revenue shortfall Levi & Korsinsky, LLP places at the center of a new securities class action against Verra Mobility Corporation (VRRM). The New York law firm's July 8, 2026 alert alleges the company made misrepresentations about the durability of its largest customer contract, and Avis Budget Group's termination of that contract is the event the firm says exposed the gap.
The allegation
The claim turns on a single word: durability. Levi & Korsinsky argues Verra Mobility represented the Avis Budget Group contract as something investors could rely on, and the termination showed otherwise. Avis Budget Group was Verra Mobility's largest customer, which puts this at the top of the alleged disclosure failures rather than somewhere in the footnotes.
The $35 million is the direct revenue figure the firm attaches to that exit. The announcement does not attribute the number to a specific quarter or year, or explain how it was calculated.
What ended and what it cost
Avis Budget Group terminated the contract. That is the event Levi & Korsinsky works backward from: if the contract was as durable as the alleged representations suggested, the firm argues, the termination would not have produced a $35 million hole. The math is the argument.
The announcement does not provide the original contract's term, the date the termination took effect, or what portion of Verra Mobility's total revenue the Avis Budget Group relationship represented before the exit.
Class membership and contact
Levi & Korsinsky is reminding purchasers of VRRM who suffered losses that they may have grounds to seek recovery through the class action. The July 8 announcement invites potential class members to contact the firm directly. No class period and no total damages figure appear in the announcement. Verra Mobility Corporation's response, if any, is not referenced in the filing.
The $35 million revenue shortfall from the Avis Budget Group termination remains the organizing number in the case.