Lost Money on ModivCare Inc.(MODV)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
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Law firm Levi & Korsinsky has filed a class action securities lawsuit 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 23, 2025 | 11:45 am
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NEGATIVE IMPACT
The class action lawsuit alleges securities fraud, which could negatively impact ModivCare's stock price and investor confidence due to claims of misleading financial statements.
The lawsuit directly targets ModivCare, alleging systematic misrepresentation of financial health, which could trigger investor sell-offs and regulatory scrutiny.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100