Medical Properties Trust, Inc.
A securities class action has been filed in the USDC – S.D.N.Y. against Medical Properties Trust, Inc. (MPW) (“MPW” or the “Company”) on behalf of a class consisting of all persons and entities that purchased or otherwise acquired MPW securities between May 23, 2023 through August 17, 2023, both dates inclusive (the “Class Period”).
MPW is a self-advised real estate investment trust (“REIT”) that was formed to acquire and develop net-leased healthcare facilities. MPW’s financing model purportedly facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades, and other investments in operations.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that:
- the Recap Transaction was subject to regulatory approval and had in fact been placed on hold by the DMHC;
- accordingly, MPW had misrepresented the regulatory process for the Recap Transaction’s approval;
- as a result of the foregoing, MPW overstated the approval prospects and benefits of the Recap Transaction; and
- as a result, the Company’s public statements regarding the Recap Transaction were materially false and misleading at all relevant times, thereby harming investors.
If you purchased MPW securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.
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