ModivCare Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - MODV

Core Viewpoint - A class action securities lawsuit has been filed against ModivCare Inc. for alleged securities fraud affecting investors between November 3, 2022, and September 15, 2024 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that ModivCare's NEMT segment contracts led to a deterioration in free cash flow, negatively impacting adjusted EBITDA due to contract renegotiations and pricing accommodations [2]. - The complaint alleges that the company faced liquidity issues and that the defendants made materially misleading positive statements about the company's business and prospects [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until March 31, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].