NEW YORK, June 2, 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=40164&from=4
The lawsuit seeks to recover losses for shareholders who purchased Medical Properties Trust between July 15, 2019 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: (i) the Company masked the distressed state of its tenants through sale-leaseback arrangements which were essentially round-robin transactions in that they allowed debt-saddled tenants to meet their obligations in the short-term; (ii) the Company fraudulently transferred hundreds of millions of dollars in what amounted to a bailout of financially distressed tenants; (iii) the Company concealed its fraudulent transfers with fake construction projects with purportedly high capital expenses, despite the fact that the Company entered into "triple-net leases," which meant that its tenants were obligated to pay a significant portion of expenses, such as real estate taxes, insurance, and maintenance; and (iv) as a result, the Company's public statements, including those with respect to the Pennsylvania Properties, were materially false and misleading at the time they were made.
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
View original content:https://www.prnewswire.com/news-releases/mpw-shareholder-alert-jakubowitz-law-reminds-medical-properties-trust-shareholders-of-a-lead-plaintiff-deadline-of-june-12-2023-301840782.html
SOURCE Jakubowitz Law
