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The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of March 31, 2025 in ModivCare Lawsuit - MODV

1. Gross Law Firm notifies MODV shareholders of a class action lawsuit. Allegations claim false statements. 2. Lawsuit covers November 3, 2022 to September 15, 2024. Registration deadline is March 31, 2025. 3. Complaint alleges contracts hurt free cash flow and EBITDA. Liquidity issues are cited. 4. Investors are urged to register for lead plaintiff consideration. Potential financial losses are implied.

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Why Bearish?

The legal notice implies potential financial mismanagement and misconduct, which could depress stock prices. Historical class action lawsuits have often led to short-term declines due to investor uncertainty.

How important is it?

The lawsuit introduces substantial risk and uncertainty in the near term, though long-term impact remains unclear due to legal resolution processes.

Why Short Term?

Market reactions to legal actions are typically immediate, with volatility until the lawsuit’s resolution. Past cases show that such news affects near-term trading sentiment.

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NEW YORK, Feb. 20, 2025 /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=130533&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=130533&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

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