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MODV INVESTOR ALERT: Robbins Geller Rudman & Dowd LLP Announces that ModivCare, Inc. Investors with Substantial Losses Have Opportunity to Lead Securities Class Action Lawsuit
MODVModivCare (MODV) GlobeNewswire News Room·2025-03-24 22:40

Core Viewpoint - ModivCare, Inc. is facing a class action lawsuit alleging violations of the Securities Exchange Act of 1934, with claims related to misleading statements and insufficient liquidity impacting the company's financial performance [1][3]. Company Overview - ModivCare is a technology-enabled healthcare services company that offers integrated supportive care solutions for both public and private payors and their members [3]. Allegations - The lawsuit claims that during the Class Period, ModivCare made false or misleading statements and failed to disclose critical information, specifically that contract renegotiations and pricing accommodations adversely affected the company's adjusted EBITDA and that ModivCare had insufficient liquidity [3]. Legal Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased ModivCare securities during the class period to seek appointment as lead plaintiff in the lawsuit. The lead plaintiff represents the interests of all class members and can choose a law firm for litigation [4].