CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Medical Properties Trust Investors of a Lead Plaintiff Deadline of June 12, 2023
NEW YORK, May 1, 2023 /PRNewswire/ -- Attention Medical Properties Trust, Inc. ("Medical Properties Trust") (NYSE: MPW) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between March 1, 2022 and February 22, 2023.
If you suffered a loss on your investment in Medical Properties Trust, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: The class action against Medical Properties Trust includes allegations that the Company 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.
DEADLINE: June 12, 2023
Aggrieved Medical Properties Trust investors only have until June 12, 2023 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: [email protected]
SOURCE The Law Offices of Vincent Wong
Share this article