Attention Long-Term ModivCare, Inc. (NASDAQ: MODV) Shareholders: Grabar Law Office Investigates Claims on Your Behalf

Core Viewpoint - Grabar Law Office is investigating claims on behalf of ModivCare, Inc. shareholders regarding potential breaches of fiduciary duties by certain officers of the company [1] Group 1: Shareholder Actions - Current ModivCare shareholders who held shares prior to November 3, 2022, can seek corporate reforms, return of funds, and a court-approved incentive award at no cost [2][5] Group 2: Allegations of Misconduct - A securities fraud class action complaint alleges that ModivCare misled the market about the risks associated with contracts in its non-emergency medical transportation segment, which negatively impacted free cash flow [3] - Defendants allegedly failed to disclose that certain contracts caused deterioration in free cash flow, leading to negative impacts on adjusted EBITDA, liquidity issues, and misleading positive statements about the company's operations and prospects [4]