Medical Properties Trust, Inc. (NYSE: MPW)
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), is investigating claims on behalf of investors of Medical Properties Trust, Inc. (NYSE: MPW).
The investigation concerns whether Medical Properties and certain of its officers and/or directors have engaged in fraud, negligence or other unlawful business practices.
On February 23, 2023, pre-market, the Company announced its financial and operating results for the fourth quarter and full-year ended December 31, 2022, disclosing an impairment charge of $171 million as well as a $112 million write-off of unbilled rent. On this news, the price of Medical Properties’ shares fell 8.7%, or $1.06, from a closing price on February 22, 2023 of $12.20 per share to a close on February 23 of $11.14 per share.
Two securities class action lawsuits have been filed against the Company and certain officers, the first on behalf of investors that purchased or otherwise acquired MPT securities between March 1, 2022 and February 22, 2023, inclusive (the “Class Period”), and the second with a class period beginning July 15, 2019.