Lost Money on ModivCare Inc. (MODV)? Join Class Action Suit Seeking Recovery - Contact Levi & Korsinsky
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Law firm Levi & Korsinsky has filed a class action securities lawsuit against ModivCare Inc. (MODV), alleging the company made false statements and concealed issues with non-emergency medical transportation (NEMT) contracts between November 2022 and September 2024. The lawsuit claims the company misrepresented its financial health, including deteriorating free cash flow, insufficient liquidity, and misleading statements about business prospects.
March 26, 2025 | 4:45 pm
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The class action lawsuit could potentially impact ModivCare's stock price by highlighting alleged financial misrepresentations in its NEMT segment and raising concerns about the company's financial transparency.
The lawsuit alleges significant financial misrepresentations that could erode investor confidence, potentially leading to stock price decline. Key concerns include deteriorating free cash flow, insufficient liquidity, and misleading corporate statements.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100