Levi & Korsinsky Investigates ModivCare Inc. for Potential Securities Law Violations
New York, NY – Levi & Korsinsky, a leading securities law firm, is investigating potential securities laws violations by ModivCare Inc. (MODV). The investigation follows the company’s filing of a Form 8-K on September 12, 2024.
Background
ModivCare Inc. is a healthcare services company that provides post-acute care and community-based services to patients in the United States. The company operates through its subsidiaries, including ModivCare Home Health and Hospice, and ModivCare Infusion Services.
The Form 8-K Filing
In the Form 8-K filing, ModivCare disclosed that it had received a subpoena from the Securities and Exchange Commission (SEC) requesting documents and information related to certain aspects of the company’s business, financial statements, and disclosures.
Investigation Details
Levi & Korsinsky is investigating whether ModivCare and certain of its officers or directors may have violated federal securities laws, including the Securities Act of 1933 and the Securities Exchange Act of 1934. Specifically, the firm is looking into:
- Whether ModivCare’s financial statements and disclosures were accurate and complete;
- Whether the company failed to disclose material information to investors;
- Whether the company’s officers or directors engaged in securities fraud or other unlawful business practices.
Impact on Investors
If it is determined that ModivCare and its executives violated securities laws, investors may be able to recover their losses through a securities class action lawsuit. Such a lawsuit could result in significant damages for investors, particularly those who purchased ModivCare stock between certain dates. Investors who wish to learn more about the investigation and their potential legal rights are encouraged to contact Levi & Korsinsky.
Global Implications
The investigation into ModivCare is significant not just for its impact on investors, but also for the broader implications it may have for the healthcare industry and the business community as a whole. If it is found that ModivCare and its executives engaged in securities fraud or other unlawful practices, it could send a strong message to other companies in the sector to prioritize transparency and ethical business conduct.
Conclusion
The investigation by Levi & Korsinsky into ModivCare Inc. is an important development for investors and the business community. The potential securities law violations uncovered by the SEC subpoena could lead to significant damages for investors and far-reaching consequences for the healthcare industry. As the investigation continues, it is essential for investors to stay informed and seek professional advice to protect their interests.
If you are a ModivCare investor or believe that you may have lost money as a result of securities fraud or other unlawful business practices, please contact Levi & Korsinsky at 212-363-7576 or submit your contact information at https://www.zlk.com/contact-us/ to discuss your options for recovering your losses.
About Levi & Korsinsky: Levi & Korsinsky is a leading securities law firm with a track record of successfully prosecuting securities class actions and recovering significant damages for investors. The firm represents investors throughout the United States, and has offices in New York, Connecticut, and California.
