Important Deadline Approaches for ModivCare Class Action Participation

As the deadline of March 31, 2025, approaches, shareholders of ModivCare Inc. (NASDAQ: MODV) are being urged to take action and register to participate in a class action lawsuit. This notice, issued by The Gross Law Firm, encourages all affected shareholders who purchased shares of MODV within the designated class period of November 3, 2022, to September 15, 2024, to seize this opportunity—particularly those who wish to be considered for a lead plaintiff position.

Why This Lawsuit Matters

The allegations in the complaint against ModivCare revolve around claims of misleading statements regarding the performance and operational health of the company. It is asserted that the defendants failed to disclose critical information that impacted the company’s financial stability, specifically concerning their non-emergency medical transportation (NEMT) segment. As a direct consequence, the lawsuits highlight that certain contracts led to significant deterioration in free cash flow, ultimately affecting the company’s adjusted EBITDA and liquidity.

Details of the Allegations

The filed complaint outlines that the defendants made false claims about ModivCare’s contracts, which were supposedly beneficial but proved detrimental. The major points of concern include:
1. Misleading statements about the company's business practices and results.
2. Failure to disclose issues related to contract renegotiations and pricing that negatively influenced the company’s finances.
3. Insufficient liquidity caused by the fallout from the aforementioned contracts.

Your Rights as a Shareholder

Shareholders who do decide to partake in the class action are encouraged to register without hesitation. Notably, potential plaintiffs do not need to be appointed as lead plaintiffs to recover any financial losses. By registering, participants will be included in a portfolio monitoring system that will keep them updated on the lawsuit's progress. This avenue presents a potentially important path for any investors who believe they have suffered losses due to misleading statements by ModivCare.

How to Register

To register, shareholders can follow the registration link provided by The Gross Law Firm. The form will require some essential information regarding their stock purchases and any relevant transaction details:
Register Here

Completing this process is free of charge, and there’s no obligation to continue if they change their mind.

Why Choose The Gross Law Firm?

The Gross Law Firm stands out as a nationally reputable class action law firm dedicated to advocating for investor rights. Their commitment to combating deceitful practices and ensuring corporate accountability has earned them recognition in the field. By participating in their action against ModivCare, shareholders can be part of a collective effort to seek justice and recover losses that they may have incurred due to misleading business conduct.

Conclusion

Time is of the essence, with the crucial deadline fast approaching for ModivCare shareholders. Those invested during the specified class period should take proactive steps to safeguard their rights. With The Gross Law Firm's expertise behind them, shareholders can rest assured that they are not alone in seeking accountability and potential recovery for their losses stemming from this corporate misconduct.

For full details regarding eligibility and the registration process, shareholders are encouraged to contact The Gross Law Firm directly:

- Contact Info: 15 West 38th Street, 12th floor, New York, NY, 10018
- Email: info@securitiesclasslaw.com
- Phone: (646) 453-8903

The deadline for registration is noted again: March 31, 2025. Don't miss out on your opportunity to have your voice heard and join the class action against ModivCare.