NEW
YORK, May 24, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Medical
Properties Trust, Inc..
Shareholders who purchased shares of MPW during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/medical-properties-trust-loss-submission-form/?id=39779&from=4
CLASS PERIOD: July 15, 2019
to February 22, 2023
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (i) the Company masked
the distressed state of its tenants through sale-leaseback
arrangements which were essentially round-robin transactions in
that they allowed debt-saddled tenants to meet their obligations in
the short-term; (ii) the Company fraudulently transferred hundreds
of millions of dollars in what amounted to a bailout of financially
distressed tenants; (iii) the Company concealed its fraudulent
transfers with fake construction projects with purportedly high
capital expenses, despite the fact that the Company entered into
"triple-net leases," which meant that its tenants were obligated to
pay a significant portion of expenses, such as real estate taxes,
insurance, and maintenance; and (iv) as a result, the Company's
public statements, including those with respect to the Pennsylvania
Properties, were materially false and misleading at the time they
were made.
DEADLINE: June 12, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/medical-properties-trust-loss-submission-form/?id=39779&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of MPW during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is June 12, 2023. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm