Important Notice for ModivCare Inc. Shareholders
New York, NY, March 17, 2025 – The Gross Law Firm, a leading securities fraud class action law firm, notifies investors that a securities fraud class action has been filed against ModivCare Inc. (NASDAQ: MODV) on behalf of shareholders who purchased or otherwise acquired ModivCare securities between February 1, 2023, and November 15, 2024. The complaint was filed in the United States District Court for the Southern District of New York and alleges violations of the Securities Exchange Act of 1934.
Allegations Against ModivCare
The complaint alleges that ModivCare and certain of its executives made false and misleading statements regarding the company’s business, operations, and financial condition. Specifically, the complaint alleges that ModivCare failed to disclose material information regarding:
- The true state of its financial condition;
- The effectiveness of its internal controls;
- The nature and extent of certain related party transactions;
- The Company’s compliance with regulatory requirements;
As a result of these alleged false statements, ModivCare’s stock traded at artificially inflated prices during the Class Period, causing investors harm.
Impact on Individual Investors
If you purchased or otherwise acquired ModivCare securities during the Class Period, you may be entitled to recover your losses, including damages for any financial losses sustained as a result of the alleged securities law violations. To be eligible for inclusion in the class, you need not take any action at this time;
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact The Gross Law Firm at 212-509-1444, toll-free at 888-239-4655, or email [email protected]. You may also visit the firm’s website at
Impact on the World
The Securities and Exchange Commission (SEC) takes a strong stance against securities fraud and holds companies and their executives accountable for making false statements and omitting material information from their disclosures. The filing of this class action against ModivCare is a reminder for all publicly traded companies to ensure that they are providing accurate and complete information to investors.
Additionally, securities fraud class actions serve an important role in the financial markets by providing a means for investors to recover their losses and deterring companies from engaging in fraudulent activities. The filing of this class action against ModivCare may encourage other investors who have suffered losses to come forward and join the action, potentially leading to a larger recovery for the class.
Conclusion
The Gross Law Firm’s filing of a securities fraud class action against ModivCare Inc. highlights the importance of accurate and complete disclosures by publicly traded companies. For individual investors who purchased or otherwise acquired ModivCare securities during the Class Period, this filing may provide an opportunity to recover their losses. The case also serves as a reminder for companies to prioritize transparency and honesty in their disclosures to investors.
For more information about The Gross Law Firm or the ModivCare class action, please contact the firm at 212-509-1444, toll-free at 888-239-4655, or email [email protected]. You may also visit the firm’s website at
