Modivcare, Inc. (MODV) Investors Who Lost Money Have Opportunity To Lead Securities Fraud Lawsuit

2025-02-19 12:01:12

(MENAFN- PR Newswire)

LOS ANGELES, Feb. 19, 2025 /PRNewswire/ -- Glancy Prongay & Murray LLP announces that investors with losses have opportunity to lead the securities fraud class action lawsuit against ModivCare, Inc. ("ModivCare" or the "Company") (NASDAQ: MODV ).

IF YOU SUFFERED A LOSS ON YOUR MODIVCARE INVESTMENTS, CLICK HERE BEFORE MARCH 31, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT

What Is The Lawsuit About?
The complaint filed alleges that, between November 3, 2022 and September 15, 2024, Defendants failed to disclose to investors that: (1) certain contracts used in ModivCare's NEMT segment caused the Company's free cash flow to deteriorate; (2) contract renegotiations and pricing accommodations negatively impacted the Company's adjusted EBITDA; (3) the Company had insufficient liquidity; and (4) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Contact Us To Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at .
Follow us for updates on LinkedIn , Twitter , or Facebook .

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact Us:
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles, CA 90067
Charles Linehan
Email: [email protected]
Telephone: 310-201-9150
Toll-Free: 888-773-9224
Visit our website at: .

SOURCE Glancy Prongay & Murray LLP

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