SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of ModivCare
Portfolio Pulse from
Faruqi & Faruqi, LLP is investigating potential claims against ModivCare (MODV) alleging violations of federal securities laws. The lawsuit claims the company made false or misleading statements about its financial condition, including contract renegotiations, liquidity issues, and business prospects. A significant stock price decline occurred on September 16, 2024, after the company revised its 2024 Adjusted EBITDA guidance.
March 23, 2025 | 1:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Securities class action lawsuit alleges financial misrepresentations, which could impact investor confidence and stock performance.
The lawsuit alleges serious financial misrepresentations, which could negatively impact investor trust, potentially leading to further stock price decline and increased legal risks.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100