ModivCare Inc. Class Action: The Gross Law Firm Reminds ModivCare Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 31, 2025 – MODV
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The Gross Law Firm has announced a class action lawsuit against ModivCare Inc. (MODV) alleging false statements and concealment regarding contract issues in their Non-Emergency Medical Transportation (NEMT) segment. The lawsuit claims the company misled investors about business operations, financial health, and prospects between November 3, 2022, and September 15, 2024.
March 26, 2025 | 3:15 pm
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The class action lawsuit could negatively impact ModivCare's stock price by highlighting alleged financial misrepresentations and potential liquidity issues in their NEMT segment.
The lawsuit alleges serious financial misrepresentations that could damage investor confidence, potentially leading to stock price decline. Key allegations include deteriorating free cash flow, insufficient liquidity, and misleading statements about business operations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100