ModivCare Inc. Class Action Lawsuit - MODV

Company
ModivCare Inc. (NASDAQ: MODV)
Lead Plaintiff Deadline
March 31, 2025 (Expired)
Class Period
November 3, 2022 - September 15, 2024

Expired

Lead Plaintiff Deadline

Mar 31, 2025

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Allegations

According to the filed complaint, defendants made false statements and/or concealed that certain contracts used in ModivCare’s NEMT segment caused the Company’s free cash flow to deteriorate and 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.

Eligibility

In order to be eligible to join the MODV class action lawsuit, you must have incurred a loss on shares of ModivCare purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in ModivCare during the relevant time frame or pursuant to the relevant offering(s), you have until March 31, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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