Press release
ModivCare Inc. (NASDAQ: MODV) Investor Alert: Deadline in Lawsuit on March 31, 2025
A Deadline is coming up on March 31, 2025 in the lawsuit for certain investors in ModivCare Inc. (NASDAQ: MODV).
Investors who purchased shares of ModivCare Inc. (NASDAQ: MODV) have certain options and there are strict and short deadlines running. Deadline: March 31, 2025. ModivCare Inc. (NASDAQ: MODV) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the District of Colorado the plaintiff alleges on behalf of purchasers of ModivCare Inc. (NASDAQ: MODV) common shares between November 3, 2022, and September 15, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 3, 2022, and September 15, 2024, the Defendants failed to disclose that certain contracts used in ModivCare's non-emergency medical transportation ("NEMT") segment caused the Company's free cash flow to deteriorate and that, as a result, (1) contract renegotiations and pricing accommodations negatively impacted the Company's adjusted EBITDA; (2) the Company had insufficient liquidity; and (3) Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of ModivCare Inc. (NASDAQ: MODV) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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