MODV SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that ModivCare, Inc. Stockholders Have Opportunity to Lead Class Action Lawsuit!
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Bronstein, Gewirtz and Grossman, LLC has filed a class action lawsuit against ModivCare, Inc. alleging the company made false or misleading statements about its business between November 2022 and September 2024. The lawsuit claims the company failed to disclose issues with contract negotiations, free cash flow deterioration, and insufficient liquidity.
March 24, 2025 | 11:15 am
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The lawsuit alleges material misrepresentations about the company's financial health, specifically targeting its NEMT segment's contract performance and cash flow issues.
The class action lawsuit directly targets ModivCare's management, alleging securities fraud. Such legal actions typically create negative market sentiment, potentially leading to stock price decline due to investor uncertainty and potential financial penalties.
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