2023-03-01 | NYSE:MPW | Press Launch
Los Angeles, California–(Newsfile Corp. – March 1, 2023) – The Schall Legislation Agency, a nationwide shareholder rights litigation agency, publicizes that it’s investigating claims on behalf of traders of Medical Properties Belief, Inc. (“Medical Properties Belief or “the Firm”) (NYSE: MPW) for violations of the securities legal guidelines.
The investigation focuses on whether or not the Firm issued false and/or deceptive statements and/or did not disclose info pertinent to traders. Medical Properties Belief introduced its fourth quarter and full yr 2022 outcomes on February 23, 2023. The Firm disclosed an impairment of about $171 million on 4 properties leased to Prospect Medical Holdings and introduced a plan to put in writing off about $112 million in unbilled lease from the identical shopper. Analysis experiences have raised considerations concerning the viability of a number of of the Firm’s massive shoppers together with Prospect Medical Holdings. Primarily based on this information, shares of Medical Properties Belief fell by greater than 8% on the identical day.
If you’re a shareholder who suffered a loss, click on right here to take part.
We additionally encourage you to contact Brian Schall of the Schall Legislation Agency, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to debate your rights freed from cost. You too can attain us by the agency’s web site at www.schallfirm.com, or by e mail at [email protected]
The category on this case has not but been licensed, and till certification happens, you aren’t represented by an lawyer. When you select to take no motion, you possibly can stay an absent class member.
The Schall Legislation Agency represents traders all over the world and focuses on securities class motion lawsuits and shareholder rights litigation.
This press launch could also be thought-about Legal professional Promoting in some jurisdictions below the relevant legislation and guidelines of ethics.
The Schall Legislation Agency
Brian Schall, Esq.
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