Levi & Korsinsky Invites ModivCare Investors to Join Lawsuit

Author: Hannah Lewis Updated: 02-07-2025 05:57 AM

Levi & Korsinsky Calls for ModivCare Investors to Take Action

Levi & Korsinsky, LLP is alerting investors regarding a significant opportunity to join a class action lawsuit against ModivCare Inc. (NASDAQ: MODV) aimed at recovering losses due to alleged securities fraud.

Understanding the Class Action Suit

This class action lawsuit targets individuals who have been negatively impacted by ModivCare's business practices between November 3, 2022, and September 15, 2024. The allegations focus on misleading statements that have affected the stock value and investors' financial outcomes.

Details of the Allegations

The crux of the complaint states that ModivCare's executives made false claims about the company's operational health and cash flow, specifically within its Non-Emergency Medical Transportation (NEMT) segment. These misleading statements allegedly resulted from underlying issues that were not disclosed to the public, indicating that the company was facing challenges that were not reflected in its reported performance.

Key Points for Investors

Those who suffered financial losses during the stated period must act quickly. The deadline for submitting a request to be considered as a lead plaintiff is March 31, 2025. However, it is essential to note that anyone who prefers not to take a lead role in the proceedings can still participate in any resulting recovery.

Cost-Free Participation

Joining this class action comes at no cost to the participants. Eligible investors are not required to pay any fees or cover any expenses upfront, making it a viable option for those looking to seek compensation.

Why You Should Trust Levi & Korsinsky

Levi & Korsinsky has a rich history of advocating for investors, having successfully secured substantial amounts for aggrieved shareholders. With over 20 years in the field of securities litigation, the firm boasts a strong track record and a dedicated team of professionals who understand the complexities involved in these cases.

Contact Information for Inquiries

Investors interested in learning more about this lawsuit or who wish to discuss their potential involvement can contact Joseph E. Levi, Esq. by phone at (212) 363-7500 or by email. For further details, visiting the firm's official website is also encouraged.

Frequently Asked Questions

What is the purpose of the class action suit?

The class action suit aims to recover losses incurred by ModivCare investors due to alleged securities fraud and misleading business practices.

Who can join the class action?

Any investor who held shares in ModivCare between November 3, 2022, and September 15, 2024, may be eligible to join the class action.

What is the deadline to participate?

Investors must submit their requests to be appointed as lead plaintiff by March 31, 2025.

Will it cost anything to participate?

No, there are no costs or obligations for class members to join the lawsuit.

How does Levi & Korsinsky help investors?

The firm offers extensive expertise in securities litigation and has a proven record of achieving favorable results for its clients.

About The Author

Hi there, I'm Hannah Lewis, a writer and financial specialist of 36 years old committed to making money understandable and approachable to everyone. Years of working in the field have given me a thorough grasp of market trends, investment techniques, and economic fundamentals. My objective is to enable people, by means of understandable, useful guidance, to take charge of their financial destiny.

I have written many articles for financial blogs over my career that simplify difficult financial ideas into understandable insights. Being financially literate is a critical ability, and I am passionate about enabling people to confidently manage their financial lives. Regardless of your level of experience, my work will help you at every stage of the investment process. I appreciate being allowed to share in your success and financial expansion.

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