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ModivCare Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before March 31, 2025 to Discuss Your Rights - MODV

1. Shareholders encouraged to join class action against ModivCare. 2. Allegations include false statements affecting free cash flow and EBITDA. 3. Deadline to register as a lead plaintiff is March 31, 2025. 4. Claims involve liquidity issues and misleading business statements. 5. Investors may recover losses from alleged fraud.

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FAQ

Why Bearish?

The allegations of false statements and liquidity concerns can significantly undermine investor confidence.

How important is it?

The class action lawsuit indicates serious concerns about company practices, impacting stock perceptions and performance.

Why Long Term?

Ongoing legal proceedings and potential settlements could affect ModivCare’s financials and reputation over time.

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NEMTCVSAMGN
, /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of ModivCare Inc. (NASDAQ: MODV). Shareholders who purchased shares of MODV during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE:https://securitiesclasslaw.com/securities/modivcare-inc-loss-submission-form/?id=134043&from=4  CLASS PERIOD: November 3, 2022 to September 15, 2024 ALLEGATIONS: 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. DEADLINE: March 31, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/modivcare-inc-loss-submission-form/?id=134043&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of MODV during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 31, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected]Phone: (646) 453-8903 SOURCE The Gross Law Firm WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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