StockNews.AI
MODV
StockNews.AI
175 days

Class Action Filed Against ModivCare Inc. (MODV) - March 31, 2025 Deadline to Join - Contact Levi & Korsinsky

1. Class action lawsuit alleges securities fraud harming free cash flow and EBITDA. 2. Lawsuit claims false statements and concealed negative contract details. 3. Investors have until March 31, 2025, to seek compensation risk-free.

4m saved
Insight
Article

FAQ

Why Bearish?

The lawsuit questions the integrity of financial disclosures, undermining investor confidence. Past cases with similar allegations have led to sharp, immediate sell-offs in affected stocks.

How important is it?

The lawsuit introduces significant legal and financial uncertainty, which can quickly depress MODV’s stock price and undermine market trust.

Why Short Term?

Litigation news typically causes near-term volatility until legal outcomes are clarified. Similar legal challenges have triggered rapid price corrections in the market.

Related Companies

NEW YORK, Feb. 25, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in ModivCare Inc. ("ModivCare" or the "Company") (NASDAQ: MODV) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of ModivCare investors who were adversely affected by alleged securities fraud between November 3, 2022 and September 15, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/modivcare-inc-lawsuit-submission-form?prid=131755&wire=4 MODV investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500. CASE DETAILS: According to the filed complaint, defendants made false statements and/or concealed that certain contracts used in ModivCare's NEMT segment caused the Company's free cash flow to deteriorate and as a result, (1) contract renegotiations and pricing accommodations negatively impacted the Company's adjusted EBITDA; (2) the Company had insufficient liquidity; and (3) defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. WHAT'S NEXT? If you suffered a loss in ModivCare during the relevant time frame, you have until March 31, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate. WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. CONTACT:Levi & Korsinsky, LLP Joseph E. Levi, Esq.Ed Korsinsky, Esq.33 Whitehall Street, 17th FloorNew York, NY 10004[email protected]Tel: (212) 363-7500Fax: (212) 363-7171www.zlk.com SOURCE Levi & Korsinsky, LLP

Related News