#USA #New York #Class Action #Gross Law Firm #ModivCare Inc

Important Notice for ModivCare Inc. Shareholders

ModivCare Inc. (NASDAQ: MODV) investors should take note of a significant class action lawsuit initiated by The Gross Law Firm. This notice serves to remind shareholders about the impending lead plaintiff deadline, set for March 31, 2025. Those who purchased ModivCare shares during the specified class action period are encouraged to get in touch to explore potential lead plaintiff opportunities, although this step isn't necessary to obtain any recovery.

Background of the Case

The allegations in this class action stem from assertions made within a complaint filed against ModivCare Inc. According to the claims, certain contracts related to the company's Non-Emergency Medical Transportation (NEMT) segment were misrepresented, leading to a notable decline in free cash flow. Specifically, the reported issues include:

1. Deterioration of Free Cash Flow: The complaint argues that the renegotiation of contracts and pricing adjustments adversely impacted the company's adjusted EBITDA.
2. Liquidity Challenges: It was alleged that the company faced liquidity issues resulting from these renegotiations, which were purportedly hidden from shareholders.
3. Misleading Business Statements: The lawsuit accused the company's leadership of issuing positive statements regarding ModivCare's business operations that were misleading or lacked a solid basis, particularly in light of the financial struggles disclosed.

Class Period and Legal Details

• - Class Period: From November 3, 2022 to September 15, 2024.
• - Lead Plaintiff Deadline: Interested shareholders have until March 31, 2025, to register on the official website to be considered for the lead plaintiff role or to simply participate in the recovery process.

For those interested in joining this class action and monitoring any developments throughout the case, registration can be completed through the law firm's dedicated class action webpage. No costs or obligations are involved in signing up for updates concerning the case.

Why Choose The Gross Law Firm?

The Gross Law Firm is nationally recognized for its dedicated efforts in class action litigation, aiming to safeguard investor rights affected by fraudulent activities and deceptive practices. The firm actively works to ensure that companies uphold ethical business standards, with a commitment to seeking justice for investors who experience losses due to misleading corporate communications.

Shareholders are urged to take action promptly, as registration is essential to protect their interests in this lawsuit. The Gross Law Firm encourages any party impacted by the alleged misconduct of ModivCare Inc. to come forward and participate in this legal endeavor. For direct inquiries, shareholders can reach out via the contacts provided:

• - Contact Information: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Phone: (646) 453-8903
• - Email: [email protected]

This class action represents a crucial opportunity for investors to hold corporations accountable for their actions and secure potential recovery from documented losses.