ModivCare Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before March 31, 2025 to Discuss Your Rights - MODV

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of ModivCare Inc. regarding a class action lawsuit due to alleged misleading statements and concealed information that negatively impacted the company's financial performance [1][2]. Group 1: Allegations and Financial Impact - The allegations state that ModivCare's contracts in the Non-Emergency Medical Transportation (NEMT) segment led to a deterioration in free cash flow [1]. - The complaint claims that contract renegotiations and pricing accommodations adversely affected the company's adjusted EBITDA [1]. - It is also alleged that ModivCare faced liquidity issues and that the defendants' positive statements about the company's business and prospects were materially misleading [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as November 3, 2022, to September 15, 2024 [1]. - Shareholders who purchased shares during this period are encouraged to register for the class action by March 31, 2025, to potentially be appointed as lead plaintiffs [2]. - Participants will be enrolled in a portfolio monitoring software to receive updates on the case's status [2]. Group 3: Law Firm's Mission - The Gross Law Firm is recognized nationally for its commitment to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure that companies engage in responsible business practices and good corporate citizenship [3]. - The firm seeks recovery for investors who suffered losses due to misleading statements or omissions that inflated the company's stock value [3].