{"id":826680,"date":"2025-03-18T05:49:19","date_gmt":"2025-03-18T09:49:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-inc-sued-for-securities-law-violations-investors-should-contact-levi-korsinsky-for-more-information-modv\/"},"modified":"2025-03-18T05:49:19","modified_gmt":"2025-03-18T09:49:19","slug":"modivcare-inc-sued-for-securities-law-violations-investors-should-contact-levi-korsinsky-for-more-information-modv","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/modivcare-inc-sued-for-securities-law-violations-investors-should-contact-levi-korsinsky-for-more-information-modv\/","title":{"rendered":"ModivCare Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – MODV"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n
\n NEW YORK<\/span>
\n <\/span>, March 18, 2025<\/span><\/span> \/PRNewswire\/ — Levi &\u00a0Korsinsky, LLP notifies investors in ModivCare Inc.<\/b> (“ModivCare” or the “Company”) (NASDAQ: MODV) of a class action securities lawsuit.<\/p>\n

\n

\n
\n \"Levi
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n CLASS DEFINITION: <\/b>The lawsuit seeks to recover losses on behalf of ModivCare investors who were adversely affected by alleged<\/span> securities fraud<\/span> between November 3, 2022<\/span> and September 15, 2024<\/span>. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n

\n https:\/\/zlk.com\/pslra-1\/modivcare-inc-lawsuit-submission-form?prid=136535&wire=4<\/a>\n <\/p>\n

\n MODV<\/b>\u00a0investors may also contact Joseph E. Levi, Esq.<\/span> via email at\u00a0jlevi@levikorsinsky.com\u00a0or<\/a> by telephone at (212) 363-7500.<\/p>\n

\n CASE DETAILS: <\/b>According to the filed complaint, defendants made false statements and\/or concealed that certain contracts used in ModivCare’s NEMT segment caused the Company’s free cash flow to deteriorate and as a result, (1) contract renegotiations and pricing accommodations negatively impacted the Company’s adjusted EBITDA; (2) the Company had insufficient liquidity; and (3) defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n

\n WHAT’S NEXT? <\/b>If you suffered a loss in ModivCare during the relevant time frame, you have until March 31, 2025<\/span><\/b>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.<\/p>\n

\n NO COST TO YOU: <\/b>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.<\/b><\/p>\n

\n WHY LEVI & KORSINSKY: <\/b>Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States<\/span>.<\/p>\n

\n CONTACT:<\/b>
\n
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.<\/span>
Ed Korsinsky, Esq.<\/span>
33 Whitehall Street, 17th Floor
New York, NY<\/span> 10004
jlevi@levikorsinsky.com<\/a>
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com<\/a><\/p>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/modivcare-inc-sued-for-securities-law-violations–investors-should-contact-levi–korsinsky-for-more-information–modv-302403626.html<\/a><\/p>\n

SOURCE Levi & Korsinsky, LLP<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK , March 18, 2025 \/PRNewswire\/ — Levi &\u00a0Korsinsky, LLP notifies investors in ModivCare Inc. (“ModivCare” or the “Company”) (NASDAQ: MODV) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of ModivCare investors who were adversely affected by alleged securities fraud between November 3, 2022 and September 15, 2024. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/modivcare-inc-lawsuit-submission-form?prid=136535&wire=4 MODV\u00a0investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the filed complaint, defendants made false statements and\/or concealed that certain contracts used in ModivCare’s NEMT segment caused the Company’s free cash flow … <\/p>\n

Continue reading “ModivCare Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information – MODV”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-826680","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nModivCare Inc. 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CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of ModivCare investors who were adversely affected by alleged securities fraud between November 3, 2022 and September 15, 2024. Follow the link below to get more information and be contacted by a member of our team: https:\/\/zlk.com\/pslra-1\/modivcare-inc-lawsuit-submission-form?prid=136535&wire=4 MODV\u00a0investors may also contact Joseph E. Levi, Esq. via email at\u00a0jlevi@levikorsinsky.com\u00a0or by telephone at (212) 363-7500. CASE DETAILS: According to the filed complaint, defendants made false statements and\/or concealed that certain contracts used in ModivCare’s NEMT segment caused the Company’s free cash flow … Continue reading "ModivCare Inc. 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