Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Oct. 25, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Medical Properties Trust, Inc. (“MPW” or the “Company”) (NYSE: MPW) investors that a lawsuit filed on behalf of investors that purchased MPW during the class period.
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.
In May 2023, MPW, a real estate investment trust specializing in healthcare facilities, announced a recapitalization transaction with Prospect Medical Holdings, involving an equity stake in PHP Holdings, LLC, instead of cash payments. This deal required regulatory approval from California’s Department of Managed Health Care (DMHC). On July 20, 2023, DMHC ordered a hold on the transaction, which MPW did not disclose in its subsequent reports. The Wall Street Journal exposed this on August 18, 2023, causing MPW’s stock to drop significantly. Shareholders then filed a complaint alleging that MPW had made false statements and failed to disclose material information about the transaction’s regulatory status, leading to misleading statements and stock price decline.
Please visit our website to review more information and submit your transaction information.
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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