An investigation on behalf of investors in Medical Properties Trust, Inc. (NYSE:MPW) shares over potential wrongdoing at Medical Properties Trust, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/30/2022 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at Medical Properties Trust, Inc.
Investors who purchased shares of Medical Properties Trust, Inc. (NYSE: MPW) 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 concerns whether certain Medical Properties Trust directors breached their fiduciary duties and caused damage to the company and its shareholders.
Birmingham, AL based Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. Medical Properties Trust, Inc. reported that its annual Total Revenue rose from over $1.24 billion in 2020 to over $1.54 billion in 2021, and that its Net Income increased from $431.45 million in 2020, to $656.02 million in 2021.
On October 6, 2022, The Bear Cave released a report titled "More Problems at Medical Properties Trust (MPW)." The Bear Cave report claims it "uncovers a haphazard assortment of issues including distressed tenants, dubious representations, excessive spending, potential auditor independence issues, and a perplexing undisclosed entity for property management."
Shares of Medical Properties Trust, Inc. (NYSE: MPW) declined from $24.13 per share on January 14, 2022, to as low as $10.00 per share on October 7, 2022.
Those who purchased shares of Medical Properties Trust, Inc. (NYSE: MPW) have certain options and should contact the Shareholders Foundation.
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