#United States #Los Angeles #Schall Law Firm #Securities Fraud #ModivCare

Investors Have a Chance to Lead ModivCare Securities Fraud Lawsuit

In a significant turn of events for shareholders of ModivCare Inc. (NASDAQ MODV), the Schall Law Firm, a prominent national shareholder rights litigation firm, has announced an opportunity for investors to join a class action lawsuit. This case revolves around alleged violations of the Securities Exchange Act of 1934, specifically focusing on ModivCare's misleading public statements and failure to disclose critical financial information.

Background of the Case

The allegations against ModivCare include false claims regarding their pricing strategies and contract renegotiations which purportedly led to adverse effects on the company's adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). Investors who acquired shares between November 3, 2022, and September 15, 2024, are encouraged to review their options carefully, as they may qualify for participation in the lawsuit.

As the class action unfolds, the Schall Law Firm emphasizes the importance of promptly contacting them before the deadline of March 31, 2025, to ensure representation. Potential plaintiffs should be aware that until the class is certified, they are not officially represented, making immediate action crucial.

What Investors Need to Know

The firm has outlined key points for investors to consider:

• - The lawsuit addresses violations of Sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5, which relate to securities fraud.
• - Investors have experienced financial losses potentially due to the company’s misleading representations regarding its financial health. When investors realized the company's true situation, they suffered damages, prompting this collective legal action.
• - Affected shareholders should take advantage of the opportunity to recoup their losses, highlighting that joining the lawsuit could be a vital step in safeguarding their investments.

Contact Information

Individuals interested in participating in this class action are urged to reach out to the Schall Law Firm directly. The contact can be made through various means:

• - Mail: Brian Schall, Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067
• - Phone: 310-301-3335
• - Website: www.schallfirm.com
• - Email: [email protected]

With a history of advocating for investor rights, the Schall Law Firm plans to vigorously pursue this case to seek justice for impacted shareholders.

Implications for Investors

This lawsuit not only represents a crucial chance for affected shareholders to recover losses but also serves as a reminder of the importance of careful investment practices. Ensuring that corporations hold transparent and honest communications regarding their operations can prevent future cases of securities fraud. Members of the class action will have the chance to recover losses incurred during the stock's turbulent time, highlighting the legal mechanisms available to protect investors in the volatile market landscape.

As the class action case progresses, investors are encouraged to stay informed and consider their options for recovery through this critical legal channel. The Schall Law Firm stands ready to assist them in navigating this complex process.