An investigation on behalf of current long term investors in Medical Properties Trust, Inc. (NYSE:MPW) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/16/2023 -- An investigation was announced for current long-term investors in shares of Medical Properties Trust, Inc. (NYSE: MPW) concerning potential breaches of fiduciary duties by certain directors of Medical Properties Trust, Inc..
Investors who are current long term investors in Medical Properties Trust, Inc. (NYSE: MPW) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: MPW stocks follows a lawsuit filed against Medical Properties Trust, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: MPW stocks, concerns whether certain Medical Properties Trust, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants failed to disclose to investors that Prospect was facing significant pressures affecting the profitability of its Pennsylvania properties, that, as a result, there was a significant risk that Prospect would be unable to meet its rental obligations owed to MPT, that, "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, and that 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.
Those who purchased shares of Medical Properties Trust, Inc. (NYSE: MPW) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.