ModivCare Inc. Class Action: Levi & Korsinsky Reminds ModivCare Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 31, 2025 - MODV
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Levi & Korsinsky law firm 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 non-emergency medical transportation (NEMT) segment contracts, which allegedly caused deteriorating free cash flow, insufficient liquidity, and misleading positive statements about the company's business prospects.
March 23, 2025 | 4:15 pm
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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 and contract issues.
The lawsuit directly targets ModivCare, alleging serious financial misrepresentations that could erode investor trust, potentially leading to stock price decline. The specific claims about contract issues and insufficient liquidity pose significant credibility risks.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100