ModivCare Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before March 31, 2025 to Discuss Your Rights – MODV
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ModivCare Inc. (NASDAQ:MODV) is being sued in a class action securities lawsuit alleging securities fraud between November 2022 and September 2024. The lawsuit claims the company made false statements about its financial condition, specifically regarding contract issues in its Non-Emergency Medical Transportation (NEMT) segment that negatively impacted free cash flow, adjusted EBITDA, and liquidity.
March 21, 2025 | 2:45 pm
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The class action lawsuit could negatively affect ModivCare's stock price by highlighting potential financial misrepresentations in its NEMT segment between 2022-2024.
The lawsuit alleges serious financial misrepresentations which could damage investor confidence, potentially leading to stock price decline. The specific claims about deteriorating free cash flow and insufficient liquidity are particularly concerning.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100