MODV SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that ModivCare, Inc. Shareholders Have Opportunity to Lead Class Action Lawsuit!
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A class action lawsuit has been filed against ModivCare (MODV) alleging that the company made false or misleading statements about its business between November 2022 and September 2024. The lawsuit claims the company failed to disclose issues with contract negotiations, free cash flow deterioration, and insufficient liquidity in its Non-Emergency Medical Transportation (NEMT) segment.
March 23, 2025 | 11:30 am
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The lawsuit alleges material misrepresentations about the company's financial condition, which could negatively impact investor confidence and stock performance.
The lawsuit directly targets ModivCare, alleging securities fraud. Such legal actions typically create investor uncertainty, potentially leading to stock price decline. The specific claims about misleading statements and financial performance suggest significant potential negative impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100