Reminder for ModivCare Investors: Faruqi & Faruqi Alerts of Ongoing Class Action Lawsuit

Investors who have purchased shares of ModivCare Inc. are reminded by the law firm Faruqi & Faruqi of the ongoing class action lawsuit with a lead plaintiff deadline of March 31, 2025. The lawsuit addresses alleged violations of federal securities laws and seeks to represent investors who bought ModivCare stock between February 1, 2020, and January 19, 2022.

The lawsuit claims that ModivCare made misleading statements and failed to disclose important information regarding the company’s business operations and financial performance. Specifically, it is alleged that ModivCare engaged in improper billing practices, which resulted in significant financial losses for the company. These alleged practices were said to have artificially inflated the company’s stock price, misleading investors.

As a result of these alleged actions, when the truth about ModivCare’s financial situation was revealed, the company’s stock price plummeted, causing investors to suffer substantial losses. The class action lawsuit aims to hold ModivCare accountable for these alleged violations of federal securities laws and seeks to recover damages on behalf of affected investors.

Faruqi & Faruqi is encouraging investors who purchased ModivCare stock during the specified timeframe to participate in the class action lawsuit. By doing so, investors may be able to recover some of the losses they incurred as a result of the alleged misconduct by ModivCare. The lead plaintiff deadline for the class action lawsuit is March 31, 2025, and investors who wish to be involved must take action before this date.

Investors who believe they may have a claim in this class action lawsuit are advised to contact Faruqi & Faruqi as soon as possible. The law firm specializes in representing investors in securities litigation and has a proven track record of successfully recovering damages for clients who have been harmed by fraudulent practices in the financial markets.

Overall, the pending class action lawsuit against ModivCare highlights the importance of holding companies accountable for their actions and seeking justice for investors who have suffered losses as a result of alleged misconduct. By participating in the lawsuit, affected investors have the opportunity to seek redress for the harm they have endured and to help ensure that companies operate in a transparent and ethical manner moving forward.