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 ModivCare failed to disclose issues with contract negotiations, free cash flow deterioration, and insufficient liquidity in its Non-Emergency Medical Transportation (NEMT) segment.
March 24, 2025 | 11:15 am
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Class action lawsuit alleges material misrepresentations about company's financial health, potentially impacting investor confidence and stock performance.
The lawsuit directly targets ModivCare, alleging securities law violations. Such legal actions typically create negative market sentiment, potentially leading to stock price decline due to investor uncertainty and potential financial penalties.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100