Medical Properties Trust, Inc. (NYSE: MPW)

This lawsuit is for anyone who acquired securities in Medical Properties Trust, Inc. (NYSE: MPW) from July 15, 2019 through February 22, 2023.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely inform investors of an impairment to the value of four of the Company’s properties that the Company leased to Prospect Medical Holdings.

On February 23, 2023, for fourth quarter and full year 2022, MPW disclosed an impairment of about $171 million on four properties leased to Prospect Medical Holdings as well as a write off of about $112 million in unbilled rent for the same client. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Medical Properties Trust, Inc. (NYSE: MPW) from July 15, 2019 through February 22, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.