Quipt Home Medical Corp T.QIPT

Short-Seller Lawsuit

[LionGate7]

Medical Properties Trust Files Lawsuit Against Short-Seller Viceroy Research and Its Members

Viceroy’s Numerous Defamatory, False and Misleading Claims Have Caused Serious Harm to MPT and its Investors

Shareholder Letter Corrects Record Regarding Short-Selling Firm’s Baseless Allegations

March 30, 2023, 6:04 PM EDT

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today filed a lawsuit in federal court against Viceroy Research LLC (“Viceroy”), a short-selling firm that has repeatedly published baseless allegations to drive down the Company’s stock price. The lawsuit seeks permanent injunctive relief, disgorgement of ill-gotten gains, and compensatory and punitive damages from Viceroy and its members for defamation, civil conspiracy, tortious interference, private nuisance, and unjust enrichment.

MPT also today issued a letter to shareholders, clarifying the facts underlying its strong and sustainable business performance and track record of value creation.

If Medical Properties Trust wins this lawsuit and sets a precedent, there may be ramifications for other large institutional short-sellers as well as brokerages, smaller players and individual short-sellers.  Could the practice eventually be banned? Thoughts?

[westcoastlogger]

Naked shorting(shorting shares that basically dont exist)was outlawed in Canada last year again. It had been illegal years ago and was then allowed for god only knows what reason and it basically gutted the Venture Exchange. Save Canadian Mining led by Eric Sprott and the CEO of the Venture Exchange and thousands of investors like me donated a pile of cash to the cause and we won.