#USA #Los Angeles #Schall Law Firm #Securities Fraud #ModivCare Inc

Opportunity for ModivCare Investors

ModivCare Inc., a healthcare services company listed on NASDAQ under the symbol MODV, is facing a securities fraud lawsuit. This legal action, initiated by The Schall Law Firm, aims to address violations of the Securities Exchange Act dating from November 3, 2022, to September 15, 2024, a period in which the company allegedly misled its investors.

Background of the Case

The Schall Law Firm asserts that during the class period, ModivCare issued public statements that provided false and misleading disclosure regarding two key aspects: the effects of pricing accommodations and contract renegotiations on the company’s adjusted EBITDA. Additionally, the lawsuit claims that ModivCare did not maintain adequate liquidity, which misrepresented the financial health of the company to its investors. As per the allegations, when these truths were finally made known to the market, many investors experienced substantial financial losses.

Who Can Participate?

Investors who purchased ModivCare securities between the specified period are encouraged to reach out to The Schall Law Firm before the deadline of March 31, 2025. This is an opportunity for them to potentially recover losses incurred due to the allegedly misleading practices of ModivCare.

Steps to Join the Lawsuit

1. Contact Information: Interested shareholders are advised to contact Brian Schall directly at the Schall Law Firm located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067. They can reach him at 310-301-3335 or visit the firm’s official website at www.schallfirm.com.
2. Understand Representation: As of now, the class has not been certified. Therefore, participating investors should understand that until certification, they are not represented by an attorney.
3. Consider Participation: If you choose to take no action, you will remain an absent class member, potentially forgoing the chance to reclaim losses.

Significance of the Lawsuit

This lawsuit is crucial as it underscores the importance of transparency and accurate disclosure in the financial markets. Investors deserve to have access to truthful information so they can make informed decisions.

Conclusion

As this situation unfolds, investors are urged to stay informed and proactive in protecting their rights. ModivCare’s alleged missteps present a critical lesson for all investors, highlighting the need for due diligence and awareness in the stock market.

For further updates or specific inquiries about this lawsuit, reach out to The Schall Law Firm, which specializes in securities class action lawsuits and represents investors worldwide.

This press release may constitute Attorney Advertising in certain jurisdictions based on applicable law and ethical guidelines.