NEW
YORK, May 9, 2024 /PRNewswire/ -- Moore
Law, PLLC, a securities and shareholder law firm located on
Wall Street, is investigating potential claims against:
- Medical Properties Trust, Inc. ("MPW" or the "Company")
(NYSE: MPW)
*please contact fletcher@fmoorelaw.com
Medical Properties Trust, Inc. is a publicly traded real-estate
investment trust based in Birmingham,
Alabama.
The investigation concerns allegations of MPW's false and/or
misleading statements, as well as a failure to disclose material
facts as reported by the Wall Street Journal on May 7, 2024. The Wall Street article reported,
among other things, that MPW faced financial hardship after "aiding
its largest tenant [Steward Health Care System] with one
financial-support package after another." Supplying this aid, in
the form of huge payments to Steward Health Care System, has proven
to be a big mistake for Medical Properties Trust after Steward
Health Care System filed for bankruptcy. Medical Properties Trust
is now one of Steward's biggest creditors and will be
lucky to recover most, if any, of its $97.5
million in loans to Steward.
This report comes on the heels of other bad news for MPW
shareholders. In 2023, allegations surfaced that MPW's
recapitalization transaction with Prospect Medical Holdings, Inc.
was subject to regulatory approval and had in fact been placed on
hold by the Department of Managed Health Care of the Health and
Human Services Agency of the State of California.
MPT's shares are down 81% since peaking in February 2020. Last year MPT cut its quarterly
dividend by almost half.
ABOUT MOORE LAW PLLC
Moore Law is a NYC litigation law firm for investors seeking to
enforce their rights. We hold officers and directors accountable
for breaches of fiduciary duty, fraud, insider
trading, wasteful spending, and other corporate malfeasance. We
strengthen corporate governance reforms to better protect your
investments. There is no cost to you. We will never send you a bill
or ask for payment. Attorney advertising. Prior results do not
guarantee a similar outcome.
Fletcher Moore, Esq.
Moore Law, PLLC
fletcher@fmoorelaw.com
(212) 709-8245
www.fmoorelaw.com
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