Levi & Korsinsky Invites ModivCare Investors to Join Class Action by March 31, 2025

Join the Class Action Suit Against ModivCare

Levi & Korsinsky, LLP is reaching out to investors of ModivCare Inc. regarding a class action securities lawsuit that has been initiated. This suit specifically addresses potential losses incurred by investors between November 3, 2022, and September 15, 2024. If you've been affected by the recent developments surrounding ModivCare, it's crucial to understand your rights and opportunities for recourse.

Understanding the Case

The class action aims to recuperate losses sustained by ModivCare investors due to alleged securities fraud. The filed complaint includes accusations that certain contracts tied to ModivCare's Non-Emergency Medical Transportation (NEMT) segment led to a significant deterioration in the company’s free cash flow. As a result of these circumstances:

1. Negative Impact on Earnings: Contract renegotiations and pricing adjustments related to these contracts adversely impacted ModivCare’s adjusted EBITDA.
2. Liquidity Issues: Many investors were not made aware of the liquidity problems the company was facing.
3. Misleading Statements: Positive assertions made by the company's management regarding business operations and future growth prospects lacked a reasonable foundation and were materially misleading.

Next Steps for Investors

If you are a ModivCare investor who has experienced financial losses during the defined time frame, you should consider reaching out to the legal team at Levi & Korsinsky for guidance. Investors have until March 31, 2025, to apply for lead plaintiff status in the class action suit. Importantly, participating in this lawsuit does not require you to serve as a lead plaintiff to qualify for potential recovery of losses.

No Upfront Costs

One of the most attractive aspects of this class action lawsuit is that there is no financial burden for class members. If you qualify, you could receive compensation without incurring any out-of-pocket expenses or legal fees.

Why Choose Levi & Korsinsky

With over two decades of experience, Levi & Korsinsky has earned a stellar reputation in the realm of securities litigation. The firm has successfully secured hundreds of millions of dollars for aggrieved shareholders and consistently ranks among the top securities litigation firms in the country, as recognized in ISS Securities Class Action Services' Annual Report.

Contact Information

If you believe you qualify to participate in this class action or need more information, please contact:
Joseph E. Levi, Esq.
Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500

Don’t miss the opportunity to seek justice for your investments. Ensure your voice is heard in this significant legal matter concerning ModivCare. Act promptly to secure your potential compensation before the impending deadline.