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MODV Investor Alert: Opportunities For Affected Investors

Kessler Topaz Meltzer & Check, LLP, a well-known law firm, is reaching out to investors who may have lost money in ModivCare Inc. (NASDAQ: MODV). A securities class action lawsuit has been initiated against ModivCare, covering a specific timeframe in which certain investors acquired shares of the company, and it is crucial for affected individuals to take action. The period of investment in question spans from November 3, 2022, to September 15, 2024, marking what is referred to as the Class Period.

Background on the Lawsuit

The allegations assert that during the Class Period, ModivCare and its representatives made several materially false statements and omitted crucial information regarding the company's operational health. Particularly, the lawsuit claims that:
1. Claims made regarding non-emergency medical transportation contracts were misleading, implying they bolstered cash flow when in reality, they had detrimental effects.
2. Negotiations around contracts and pricing affected the adjusted EBITDA of the firm negatively.
3. There were serious questions about the company's liquidity status, which was either obscured or downplayed in public disclosures.
4. Overall, statements released by the defendants concerning the business fell far short of being accurate and misled investors for an extended period.

The firm encourages anyone who has suffered losses from their investments in ModivCare to contact them for more information and guidance. Investors can reach out directly to attorney Jonathan Naji by phone or through email, as the deadline for potential lead plaintiffs to step forward is set for March 31, 2025.

Understanding Lead Plaintiff Status

Becoming a lead plaintiff offers certain powers in class action lawsuits, as these individuals typically hold the most significant shares within the class and guide proceedings. The lead plaintiff is crucial in selecting capable legal representation and directing the litigation process on behalf of all affected investors. However, investors who prefer not to take on this role have the alternative option of remaining as absent class members while still potentially benefiting from any recovery achieved through the lawsuit.

Kessler Topaz Meltzer & Check emphasizes the importance of legal representation in such cases and urges all MODV investors who feel wronged to consider their options. They provide essential resources and support to ensure victims of corporate misconduct are not left to fend for themselves.

About Kessler Topaz Meltzer & Check, LLP

With a commitment to defending investor rights, Kessler Topaz Meltzer & Check, LLP has built a reputation for success in prosecuting class actions across the United States and globally. The firm has recovered substantial amounts for clients who have been victims of fraud and misconduct, dedicating their resources to uphold accountability among corporations. For more detailed information about the firm and ongoing cases, investors can visit their website at www.ktmc.com.

Reach Out

For those impacted by the alleged misconduct related to ModivCare or who wish to know more about the ongoing litigation, Kessler Topaz Meltzer & Check provides various channels for communication. Interested investors must act before the March 31, 2025, deadline to participate effectively in the proceedings or for potential recovery.

For additional inquiries or to formally participate, please reach out to:

• - Jonathan Naji, Esq.

Kessler Topaz Meltzer & Check, LLP
Phone: (484) 270-1453
Email: [email protected]
280 King of Prussia Road
Radnor, PA 19087

Safeguarding investor interests is vital, and timely communication can make a difference. Don’t hesitate to reach out and explore your options with a competent legal team.