Levi & Korsinsky Reminds ModivCare Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 31, 2025 - MODV
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Levi & Korsinsky law firm is pursuing 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 NEMT segment contracts, free cash flow, and liquidity issues.
March 24, 2025 | 5:00 pm
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NEGATIVE IMPACT
The class action lawsuit could negatively impact ModivCare's stock price by highlighting alleged misrepresentations about the company's financial health and NEMT segment performance.
The lawsuit alleges serious financial misrepresentations that could erode investor confidence, potentially leading to stock price decline and increased scrutiny of the company's financial reporting.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100