MODV IMPORTANT DEADLINE: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages ModivCare Inc. Investors to Secure Counsel Before Important March 31 Deadline in Securities Class Action - MODV
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Rosen Law Firm is pursuing a securities class action lawsuit against ModivCare Inc. (MODV) for allegedly making false and misleading statements about its business operations during the period from November 3, 2022 to September 15, 2024. The lawsuit claims the company failed to disclose issues with non-emergency medical transportation contracts that negatively impacted free cash flow, adjusted EBITDA, and liquidity.
March 23, 2025 | 11:45 pm
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NEGATIVE IMPACT
Lawsuit alleges company misrepresented financial health, potentially impacting investor confidence and stock performance
The lawsuit suggests significant potential financial and reputational damage for ModivCare, which could negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100