MODV FINAL DEADLINE: ROSEN, A LONGSTANDING LAW FIRM, Encourages ModivCare Inc. Investors to Secure Counsel Before Important March 31 Deadline in Securities Class Action – MODV
Portfolio Pulse from
Rosen Law Firm is encouraging ModivCare (MODV) investors to join a securities class action lawsuit alleging the company made false and misleading statements about its business, operations, and financial prospects during the period from November 3, 2022 to September 15, 2024. The lawsuit claims ModivCare failed to disclose issues with non-emergency medical transportation contracts that negatively impacted free cash flow, adjusted EBITDA, and liquidity.
March 21, 2025 | 6:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The securities class action lawsuit could result in financial damages and potential reputational harm for ModivCare, focusing on alleged misrepresentations in its non-emergency medical transportation segment.
The lawsuit directly targets ModivCare's financial reporting and could lead to potential financial penalties, reputational damage, and investor loss of confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100