MODV Deadline: MODV Investors Have Opportunity to Lead ModivCare Inc. Securities Fraud Lawsuit

Core Viewpoint - Rosen Law Firm is reminding investors who purchased ModivCare Inc. securities between November 3, 2022, and September 15, 2024, of the March 31, 2025, deadline to become lead plaintiffs in a class action lawsuit [1][2]. Group 1: Class Action Details - A class action lawsuit has been filed against ModivCare, and investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2]. - Investors wishing to serve as lead plaintiffs must file a motion with the court by March 31, 2025 [2]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [3]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [3]. Group 3: Case Allegations - The lawsuit alleges that ModivCare's defendants made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [4]. - Specific issues cited include the deterioration of free cash flow in ModivCare's non-emergency medical transportation segment, which negatively impacted adjusted EBITDA and liquidity [4].