NEW YORK, May 2, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Medical Properties Trust, Inc. (NYSE: MPW) alleging that the Company violated federal securities laws.
Class Period: March 1, 2022 to February 22, 2023
Lead Plaintiff Deadline: June 12, 2023
No obligation or cost to you.
Learn more about your recoverable losses in MPW:
https://www.kleinstocklaw.com/pslra-1/medical-properties-trust-lawsuit-loss-submission-form?id=38637&from=4
Medical Properties Trust, Inc. NEWS - MPW NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Medical Properties Trust, Inc. made 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.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Medical Properties Trust you have until June 12, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Medical Properties Trust securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the MPW lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/medical-properties-trust-lawsuit-loss-submission-form?id=38637&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
535 Fifth Avenue
4th Floor
New York City, NY 10017
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm
