#USA #New York #Class Action #Levi & Korsinsky #ModivCare

Attention ModivCare Investors

Levi & Korsinsky, LLP has alerted shareholders of ModivCare Inc. (NASDAQ: MODV) regarding a class action securities lawsuit in which they can participate. This class action seeks to recover losses incurred by investors who are believed to have been impacted by alleged securities fraud between November 3, 2022, and September 15, 2024. The deadline for potential plaintiffs to request the court to appoint them as lead plaintiff is March 31, 2025.

Case Overview

The lawsuit claims that ModivCare’s management made misleading statements regarding the company’s operations and financial health. It is alleged that certain contracts within ModivCare's Non-Emergency Medical Transportation (NEMT) segment deteriorated the company’s free cash flow, subsequently leading to:
1. Negative impacts on Adjusted EBITDA: Contract renegotiations and pricing adjustments reportedly harmed the company's fiscal performance.
2. Liquidity concerns: The lawsuit highlights claims that the company lacked adequate liquidity during the relevant period.
3. Deceptive assertions: The defendants made assertions about the business and its prospects that were misleading and not supported by facts.

What Should Affected Investors Do?

Investors who have suffered losses during the specified time must remember that they can still recover regardless of whether they act as lead plaintiff. The law firm confirms that participation will not incur out-of-pocket expenses for the shareholders. Interested investors are encouraged to get in touch with the attorneys at Levi & Korsinsky by using the contact information provided below:

• - Email: [email protected]
• - Phone: 212-363-7500

Those feeling uncertain or unsure about the claims are highly urged to consult legal counsel or the team at Levi & Korsinsky, who have extensive experience in such matters.

Why Choose Levi & Korsinsky?

With over 20 years of experience in securities litigation, Levi & Korsinsky has secured hundreds of millions for affected investors and has consistently ranked among the top securities litigation firms in the United States. This experienced team comprises over 70 professionals ready to assist clients through complex legal matters, striving for justice and financial recovery for harmed shareholders.

This notice serves as a critical reminder to ModivCare investors of the significant options available to them in response to the alleged misconduct. Failing to respond promptly may result in missing the opportunity to recover potential losses. Ensure you're taking the right steps for your investment recovery before the upcoming deadline.

For additional insights into your rights as a shareholder and the process involved, please reach out to Levi & Korsinsky or visit their website for further details.

Contact Information

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Contact Email: [email protected]
Phone: 212-363-7500
Fax: 212-363-7171
Website: www.zlk.com