NYC DOT Whistleblower Lawsuit against Verra Mobility Corporation Settles for $1.3 million [MarketWatch]
Verra Mobility Corporation - Class A (VRRM)
Last verra mobility corporation - class a earnings: 3/2 04:05 pm
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Source: MarketWatch
McInnis and Charles Goetsch jointly announced a $1,318,456 settlement against Verra Mobility Corporation, an Arizona-based provider of transportation technology goods and services, and related subsidiaries. The settlement resolves allegations in a qui tam whistleblower complaint filed under seal in June 2020 in NY State Supreme Court and unsealed effective November 30, 2021, by order of Justice James d 'Auguste. The complaint, brought under NY State's False Claims Act by a former master electrician employee, alleged Verra defrauded NYC DOT by installing school zone speed cameras that did not comply with DOT conduit depth specifications and other electric codes, and by erecting unnecessessary new poles where existing poles should have been used. NYC, through its Corporation Counsel's Office, joined the lawsuit, according to a court-filed notice of intervention dated November 17, 2021. The City's attorneys negotiated the terms of the settlement, noted Attorney McInnis. Under the t
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- 2/29/24 - Miss
VRRM
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form DEF
- VRRM's page on the SEC website