Class Action Filed Against ModivCare Inc. (MODV) Seeking Recovery for Investors – Contact Levi & Korsinsky
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Law firm Levi & Korsinsky has filed a class action securities lawsuit against ModivCare Inc. (MODV), alleging the company made false statements and concealed issues in its Non-Emergency Medical Transportation (NEMT) segment. The lawsuit claims the company misrepresented its financial health, contract negotiations, and liquidity between November 2022 and September 2024.
March 21, 2025 | 5:45 pm
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The class action lawsuit alleges securities fraud, focusing on misrepresentations in the company's NEMT segment, which could negatively impact investor confidence and stock performance.
The lawsuit alleges serious financial misrepresentations that could erode investor trust, potentially leading to stock price decline. The specific claims about deteriorating free cash flow and insufficient liquidity are likely to concern investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100