Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Medical Properties Trust, Inc. (“Medical Properties Trust” or “the Company”) (NYSE: MPW) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Harrow investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The inquiry centers on whether the Company made inaccurate or deceptive statements or omitted material information that would have been important to investors. On February 23, 2023, Medical Properties Trust publicized its financial results for the fourth quarter and full year of 2022. The Company acknowledged a loss of approximately $171 million on four properties rented to Prospect Medical Holdings and declared a proposal to eliminate approximately $112 million in rent that had not yet been billed by the same client. Concerns have been raised by research reports regarding the sustainability of some of the Company's major clients, including Prospect Medical Holdings. As a result of this news, Medical Properties Trust's stock fell more than 8% on the same day.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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