Levi & Korsinsky Notifies Shareholders of ModivCare Inc.(MODV) of a Class Action Lawsuit and an Upcoming Deadline
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Law firm Levi & Korsinsky 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 financial condition, specifically regarding contract renegotiations, liquidity issues, and misleading positive statements about its business prospects.
March 24, 2025 | 4:30 pm
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The lawsuit alleges ModivCare misrepresented its financial health, focusing on NEMT segment contract issues and potential liquidity problems that could impact investor confidence.
Class action lawsuit suggests significant potential financial misrepresentation, which could negatively impact stock price and investor trust in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100