NEW YORK, April 28, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Medical Properties Trust, Inc. (NYSE: MPW).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/medical-properties-trust-class-action-loss-submission-form/?id=38588&from=4
The lawsuit seeks to recover losses for shareholders who purchased Medical Properties Trust between March 1, 2022 and February 22, 2023.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until June 12, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Medical Properties Trust, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) Prospect Medical Holdings, Inc. ("Prospect"), which leases and operates 13 of the Company's facilities, was facing significant pressures affecting the profitability of its Pennsylvania properties; (2) as a result, there was a significant risk that Prospect would be unable to meet its rental obligations owed to Medical Properties Trust; (3) "given the elongated timing of the Pennsylvania recovery," the Company was reasonably likely to record an impairment charge to the real estate value of the Pennsylvania properties; (4) and, as a result of the foregoing, defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law
