Class Action Filed Against ModivCare Inc. (MODV) - March 31, 2025 Deadline to Join - Contact Levi & Korsinsky
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A class action securities lawsuit has been filed against ModivCare Inc. (MODV) 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 | 4:30 pm
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The lawsuit alleges ModivCare misrepresented its financial health, potentially impacting investor confidence and stock performance.
The class action lawsuit directly targets ModivCare, alleging securities fraud. This can lead to potential financial penalties, legal costs, and significant damage to investor trust, which could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100