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MODV INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that ModivCare, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - ModivCare (NASDAQ:MODV)

  • A class action lawsuit has been filed against ModivCare, Inc. For alleged violations of federal securities laws on behalf of investors who purchased securities between November 3, 2022, and September 15, 2024.
  • The lawsuit claims that ModivCare and its officers made misleading statements about the company's financial performance, particularly regarding its non-emergency medical transportation segment.
  • Plaintiffs allege that the defendants failed to disclose that certain contracts led to a deterioration of ModivCare's free cash flow, negatively impacting its adjusted EBITDA and liquidity.
  • Investors who suffered losses have until March 31, 2025, to request appointment as lead plaintiff in the case, as noted by Rosen Law Firm.
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Charleston Gazette-Mail broke the news in Charleston, United States on Saturday, February 1, 2025.
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