LOS ANGELES, Feb. 3, 2025 /PRNewswire/ — The Schall Law Firm, a national firm that advocates for shareholder rights, has announced a class action lawsuit against ModivCare Inc. (“ModivCare” or “the Company”) MODV for breaches of §§10(b) and 20(a) of the Securities Exchange Act of 1934, along with Rule 10b-5 enforced by the U.S. Securities and Exchange Commission.

Investors who bought the Company’s securities from November 3, 2022, to September 15, 2024 (the “Class Period”) should reach out to the firm before March 31, 2025.

Shareholders who incurred losses can find more details on how to participate.

For assistance, contact Brian Schall at The Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, by calling 310-301-3335. Alternatively, inquiries can be made through the firm’s website at www.schallfirm.com or via email at bschall@schallfirm.com.

Certification of the class has not yet occurred. Until then, prospective class members are not represented by lawyers and can choose to remain absent.

The complaint claims ModivCare issued false and misleading statements regarding how pricing changes and contract renegotiations affected its adjusted EBITDA and overall liquidity. This misinformation allegedly led to significant investor losses once the market became aware of the truth.

Join this case to seek recovery for your losses.

The Schall Law Firm, which specializes in securities class action litigation, represents investors globally.

Disclaimer: This press release may be considered Attorney Advertising in certain jurisdictions depending on applicable laws and ethical rules.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

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SOURCE The Schall Law Firm