ModivCare Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before March 31, 2025 to Discuss Your Rights - MODV
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A class action lawsuit has been filed against ModivCare Inc. alleging securities fraud between November 2022 and September 2024. The lawsuit claims the company made false statements and concealed issues with contract negotiations, liquidity, and financial performance in its Non-Emergency Medical Transportation (NEMT) segment.
March 24, 2025 | 12:00 am
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NEGATIVE IMPACT
The securities fraud lawsuit could negatively impact ModivCare's stock price by raising concerns about the company's financial transparency and management credibility.
The lawsuit alleges serious financial misrepresentations that could damage investor confidence, potentially leading to stock price decline. Key allegations include misleading statements about NEMT segment contracts, adjusted EBITDA, and company liquidity.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100