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id: 638, Created by Stan Vick, Scout
Medical Properties Trust (MPW) Misconduct Case
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- MPW disclosed an impairment of $171M on four properties.
- $MPW fell 8.69%, damaging Investors.
- Investors suspect $MPW & its officers and/or directors of engaging in unlawful business practices.
On February 23, 2023, Medical Properties Trust (MPW) announced its Q4 & 2022 financial results. Among other items, MPW disclosed an impairment of approximately $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.
On this news, the $MPT price fell 8.69%, damaging Investors.
Considering appeared situation, Investors may have reasons to suspect $MPW and its officers and/or directors of engaging in securities fraud or other unlawful business practices.
Failure to Disclose,
Breach of Fiduciary duty,
Shock Event Date
23 February 2023