LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Medical Properties Trust, Inc. (“Medical Properties Trust or “the Company”) (NYSE: MPW) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Medical Properties Trust announced its fourth quarter and full year 2022 results on February 23, 2023. The Company disclosed an impairment of about $171 million on four properties leased to Prospect Medical Holdings and announced a plan to write off about $112 million in unbilled rent from the same client. Research reports have raised concerns about the viability of several of the Company’s large clients including Prospect Medical Holdings. Based on this news, shares of Medical Properties Trust fell by more than 8% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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