MEDICAL PROPERTIES TRUST, INC.
Exchange: NASDAQ
Ticker: MPW
Date of Filing: 10/02/2023
Court: New York Southern District Court
Filing Deadline

11/28/2023

MEDICAL PROPERTIES TRUST, INC. 

MEDICAL PROPERTIES TRUST, INC. – Twersky Law Group, a highly regarded and reputable law firm based in New York, wishes to inform investors about a significant development in the form of a class action lawsuit against Medical Properties Trust, Inc. (“Medical Properties Trust” or “the Company”) (NASDAQ: MPW) and certain officers of the company. This lawsuit has been filed on behalf of all individuals and entities that purchased or otherwise acquired Medical Properties Trust, Inc. securities from May 23, 2023 through August 17, 2023 (the “Class Period”). Investors who acquired Medical Properties Trust securities during this defined timeframe are strongly encouraged to participate in this case by contacting atara@twerskylawgroup.com. The deadline to file a motion for appointment of lead plaintiff is November 28, 2023.

The fundamental objective of this class action lawsuit is to recover for the benefit of investors who purchased Medical Properties Trust securities during the Class Period, the losses they sustained as a consequence of the misleading statements made by Defendants in violation of the federal securities laws.

 

ALLEGATIONS AGAINST MEDICAL PROPERTIES TRUST, INC. 

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Recap Transaction was subject to regulatory approval and had in fact been placed on hold by the DMHC; (ii) accordingly, MPW had misrepresented the regulatory process for the Recap Transaction’s approval; (iii) as a result of the foregoing, MPW overstated the approval prospects and benefits of the Recap Transaction; and (iv) as a result, the Company’s public statements regarding the Recap Transaction were materially false and misleading at all relevant times. On August 18, 2023, the Wall Street Journal published an article entitled “Cracks Deepen for America’s Biggest Hospital Landlord: Struggling Tenants, a Bailout on Hold”. That same day, MPW issued a press release responding to the WSJ Article, in which the Company downplayed the DMHC Order as a “standard, expected, and non-controversial part of the approval process for [the Recap Transaction]” and attempted to excuse the Company’s non-disclosure of the DMHC Order to shareholders by stating that the “DMHC’s request was deemed immaterial to [MPW’s] financials and thus did not require disclosure.” Despite MPW’s attempts to reassure investors, following publication of the WSJ Article, MPW’s stock price fell $0.57 per share, or 7.6%, to close at $6.93 per share on August 18, 2023.

 

ABOUT MEDICAL PROPERTIES TRUST, INC. 

  • Medical Properties Trust, Inc. (MPT) is a real estate investment trust (REIT) that specializes in owning and leasing healthcare facilities. The company’s primary focus is on acquiring and owning hospitals, medical office buildings, and other healthcare-related properties. MPT is headquartered in Birmingham, Alabama, and it was founded in 2003.
  • Healthcare Real Estate: The company primarily invests in healthcare-related real estate assets. This includes general acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and medical office buildings. Healthcare properties are often considered stable and recession-resistant, making them an attractive investment for income-focused investors.
  • Growth Strategy: MPT has pursued a growth strategy by acquiring new properties and expanding its portfolio. It often enters into long-term lease agreements with healthcare operators, providing them with the necessary capital for growth and development while ensuring a stable source of rental income for MPT.

 

JOIN THIS CASE

It is important to note that a class action lawsuit has already been filed in connection with these allegations. Therefore, for those individuals who suffered financial losses in their investments in Medical Properties Trust during the Class Period, there is a limited opportunity to seek appointment as a lead plaintiff. This process entails requesting the Court to designate them as the primary representative on behalf of the entire class. The deadline for submitting such a request is November 28, 2023. It is important to emphasize that while becoming a lead plaintiff can offer certain advantages, participation in the recovery process and the potential for financial compensation does not mandate serving as a lead plaintiff.

Twersky Law Group, a distinguished legal firm renowned for its attorneys expertise in handling securities fraud class actions and shareholder derivative suits, who have a long-standing track record of successfully recovering significant sums of money for investors nationwide. With an unwavering commitment to seeking justice for their clients, the firm’s attorneys are resolute in pursuing fair compensation on behalf of those affected by alleged securities law violations. As with any legal matter, it is essential to understand that this announcement constitutes attorney advertising. Past case outcomes and results achieved do not guarantee similar outcomes in this particular case.

Investors who believe they may qualify as potential class members in the class action lawsuit against Medical Properties Trust are strongly encouraged to reach out directly to the firm for further information and assistance. The knowledgeable legal professionals at Twersky Law Group stand ready to provide guidance and support to investors seeking to protect their rights and pursue the recovery they deserve.

DOCUMENTS


COMPLAINT

PLEASE READ THE COMPLAINT  DOCUMENT BEFORE SIGNING UP FOR THIS CASE.