Investors in ModivCare Inc. Should Contact The Gross Law Firm Before March 31, 2025 to Discuss Your Rights - MODV

Core Points - The Gross Law Firm has issued a notice to shareholders of ModivCare Inc. regarding a class action lawsuit related to alleged false statements and omissions that negatively impacted the company's financial performance [1][2] - The class period for the lawsuit is from November 3, 2022, to September 15, 2024, during which shareholders are encouraged to register for potential recovery [1][2] - Allegations include that ModivCare's NEMT segment contracts led to a deterioration in free cash flow, negatively affecting adjusted EBITDA and liquidity, while the company's positive statements were misleading [1] Summary by Sections Class Action Details - Shareholders who purchased shares of ModivCare during the specified class period are encouraged to contact the Gross Law Firm for possible lead plaintiff appointment [1] - The deadline for shareholders to register for the class action is March 31, 2025, and there is no cost to participate [2] Allegations Against ModivCare - The complaint alleges that ModivCare made false statements regarding its business operations and financial health, particularly concerning contract renegotiations and pricing accommodations [1] - The negative impact on free cash flow and adjusted EBITDA is highlighted as a significant concern for the company's financial stability [1] Firm's Commitment - The Gross Law Firm is recognized for its commitment to protecting investors' rights and ensuring companies adhere to responsible business practices [3] - The firm aims to recover losses for investors affected by misleading statements that inflated the company's stock value [3]