LEGAL GUIDES FOR INVESTORS
Welcome to this investor synopsis of the Medical Properties class action lawsuit. In this synopsis, we will take a hard look at Medical Properties, including its background, leadership, directors, stock information, and then delve into the Medical Properties class action lawsuit discussing the lead plaintiff process, qualifications for the Medical Properties class action lawsuit, how a Medical Properties Stock Loss Lawyer can help you, and much more.
We hope you find this information useful and helpful. If you are thinking of moving for lead plaintiff status in the Medical Properties class action lawsuit, or have any questions about you rights as a class member or anything else, please do not hesitate to reach out to Timothy L. Miles. This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. And, the call is free and so is the fee unless we win or settle your case.
BACKGROUND on medical properties
Overview of Medical Properties
Medical Properties Trust, Inc. was established in 2003 to purchase and develop net-leased medical facilities. Starting in Birmingham, Alabama, the organization has developed into one of the leading owners of hospital real estate, owning 441 facilities with 43,000 beds as of the end of September 2023. Since the third quarter, four facilities have been sold, leaving the Company with 43,000 beds in nine countries over three continents. The Company's financing model facilitates acquisitions and recapitalizations, helping medical facility operators unlock the value of their real estate investments to fund improvements, technology advancements, and other operations investments. For more information, you can visit www.medicalpropertiestrust.com.
The Leadership of Medical Properties
Medical Properties is led by Edward K. Aldag, Jr., the founder of Medical Properties and its Chairman, President and Chief Executive Officer (CEO). Mr. Aldag founded Medical Properties in 2003 which, at the time, was the only healthcare company of its kind. Under Mr. Aldag's leadership, Medical Properties assets have grown to more than $19 billion and the company owns approximately 44,000 hospital beds. R. Steven Hamner, a co-founder of Medical Properties serves as its Executive Vice President and Chief Financial Officer. Mr. Hamner has served in these roles since September 2003 and was elected to the Board prior to the Company's Initial Public Offering (IPO) in 2005.
The Company has five other members of its Executive Leadership team consisting of Larry H. Portal (Senior Vice President and Senior Advisor to the CEO); J. Kevin Hanna (Senior Vice President, Controller & Chief Accounting Officer); Roda H. Hooper (Senior Vice President of Operations); Charles R. Lawbert (Vice President, Treasurer & Managing Director of Capital Markets); and R. Lucas Savage (Vice President, Head of Global Acquisitions). In 2005, the Company completed its IPO and is listed on the New York Stock Exchange. The Company is the second-largest non-governmental owner of hospital beds in the world with approximately 44,000 and a portfolio in the United States of $11.9 billion. In addition, Medical Properties was the first U.S. company to invest in hospitals globally and currently has approximately $7.2 billion invested internationally.
Medical Properties' Board of Directors
Medical Properties has a nine-person Board of Directors consisting of the following individuals (other than Mr. Aldag who, as noted above, is both the Company's CEO and Chairman of the Board):
The Board had six standing committees consisting of the following directors:
D. Paul Sparks, Jr.
The Company's Stock Performance
The Company's stock currently trades as approximately $5.20 per share. The stock has a 52 Week Range from $4.44 to $14.00 on a average daily volume of approximately14.57 million. The Company has a market capital of 3.26 billion and a one year target estimate of $8.61.
INTRODUCTION TO THE MEDICAL PROPERTIES CLASS ACTION LAWSUIT
The Medical Properties class action lawsuit seeks to represent purchasers or acquirers of Medical Properties Trust, Inc. (NYSE: MPW) securities between May 23, 2023 and August 17, 2023, inclusive (the “Class Period”). Captioned Armstrong v. Medical Properties Trust, Inc., No. 23-cv-08597 (S.D.N.Y.), the Medical Properties class action lawsuit charges Medical Properties and certain of its top executive officers with violations of the Securities Exchange Act of 1934.
If you suffered losses in Medical Properties stock and wish to serve as lead plaintiff in the Medical Properties class action lawsuit, please contact Medical Properties Stock Loss Lawyer Timothy L. Miles by calling 855/846-6529 or via e-mail at [email protected] or by submitting a contact form. Lead plaintiff motions for the Medical Properties class action lawsuit must be filed with the court no later than November 28, 2023.
ALLEGATIONS IN THE MEDICAL PROPERTIES CLASS ACTION LAWSUIT
Medical Properties operates as a self-advised real estate investment trust that was formed to acquire and develop net-leased healthcare facilities.
The Medical Properties class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Medical Properties’ recapitalization transaction with Prospect Medical Holdings, Inc. (“Recap Transaction”) was subject to regulatory approval and had in fact been placed on hold by the Department of Managed Health Care of the Health and Human Services Agency of the State of California; (ii) accordingly, Medical Properties had misrepresented the regulatory process for the Recap Transaction’s approval; and (iii) as a result, Medical Properties overstated the approval prospects and benefits of the Recap Transaction.
The Medical Properties class action lawsuit further alleges that on August 18, 2023, the Wall Street Journal published an article entitled “Cracks Deepen for America’s Biggest Hospital Landlord: Struggling Tenants, a Bailout on Hold,” which reported that “a California state regulator on July 20 ordered that the transaction between [Medical Properties] and Prospect Medical Holdings be put on hold, according to the order that the regulator sent to Prospect. [Medical Properties] didn’t disclose the regulator’s order when it reported second-quarter results, or in its quarterly report filed the next day with the Securities and Exchange Commission.” The Medical Properties class action lawsuit alleges that following the publication of the Wall Street Journal article, the price of Medical Properties stock fell 7.6%.
THE LEAD PLAINTIFF PROCESS IN THE MEDICAL PROPERTIES CLASS ACTION LAWSUIT
The Private Securities Litigation Reform Act of 1995 permits any investor who purchased and suffered losses in Medical Properties stock to seek appointment as lead plaintiff in the Medical Properties class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.
A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. If you suffered losses in Medical Properties stock and have further questions, contact Medical Properties stock loss Lawyer Timothy L. Miles today who will fight to recover your damages in a Medical Properties class action lawsuit if you suffered losses in Medical Properties stock.
NON-U.S. INVESTORs may SERVE AS LEAD PLAINTIFFs IN THE MEDICAL PROPERTIES CLASS ACTION LAWSUIT IF THEY SUFFERED LOSSES IN MEDICAL PROPERTIES STOCK?
Courts in the U.S. have consistently recognized that non-U.S. investors, many of whom have substantial holdings, are adequate lead plaintiffs and have the same right to move for lead plaintiffs as U.S. investors. Thus, if a non-U.S. investor suffered losses in Medical Properties stock, they may move the Court to be appointed lead plaintiff in the Medical Properties class action lawsuit.
THE BENEFITS OF SERVING AS LEAD PLAINTIFF IN THE MEDICAL PROPERTIES CLASS ACTION LAWSUIT
Serving as a Lead Plaintiff in the Medical Properties class action lawsuit has several advantages and important benefits including:
Thus, there are numerous benefits and other advantages to serving as lead plaintiff in a class action against Medical Properties if you suffered losses in Medical Properties stock.
SHARES PURCHASED OUTSIDE OF THE CLASS PERIOD
Even if you suffered losses in Medical Properties stock, if you purchased securities outside of the Class period, you will not be able to participate in the class action against Medical Properties.
CLASS PERIOD DETERMInation IN THE MEDICAL PROPERTIES CLASS ACTION LAWSUIT
In a securities fraud class action, the class period refers to a period of time in which it is alleged the price of the company’s stock was artificially inflated due to false and misleading statements made by company executives. The class period starts when the company makes an untrue statement of material fact about the company or fails to disclose a material fact necessary to render other statements not misleading. The class period ends when the truth is revealed to the investing public through a corrective disclosure.
In order to be a part of the class in the class action against Medical Properties, you must have suffered losses in Medical Properties stock by purchasing during the class period when it is alleged the price of the stock was artificially inflated to be included in the class action against Medical Properties.
HOW A CS DISCO STOCK LOSS LAWYER CAN HELP
A Medical Properties stock loss Lawyer is well-versed in the complex laws that govern the securities industry and litigation and focuses on representing individual investors or funds who have been the victims of fraud or who have disputes with investment professionals such as the Medical Properties class action lawsuit. Ordinary individual investors, including civil servants, teachers, nurses, and retirees, may need a securities lawyer. In most cases, if they have lost money due to mistakes, incompetence, or fraud by an investment professional.
While FINRA, the SEC, and state securities regulators serve a vital role in protecting investors, they simply have too many individuals, firms, and market transactions to monitor to discover every act of fraud or negligence.
Individual investors should consult with a securities lawyer if they have lost money due to fraud or stockbroker misconduct. Look for a securities lawyer with experience, high ethical standards, verifiable credentials, and a trustworthy reputation among his peers and the judiciary, as well as testimonials from previous clients and awards and recognitions.
One name that immediately pops up is nationally known and widely respected Nashville lawyer Timothy L. Miles, who has valuable experience and has received numerous awards, mostly due to his high ethical standards, and hard work ethic, including most recently being named a Top 25 Class action lawyer by the National Trial Lawyers Association, and has maintained an AV rating from Martindale-Hubble since 2014, was named a 2023 Top Rated Litigator and 2023 Top Rated Lawyer by Martindale-Hubble and ALM, and was recently named a 2023 Elite Lawyer of the South by Martindale-Hubble for the fifth year in a row, and was a recipient of Avvo Client’s Choice Award in 2021, in 2022 was featured in the Top 100 Lawyers Magazine and received the Lifetime Achievement Award by Premier Lawyers of America (2019–2021).
This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
HOW DO I KNOW IF I AM A MEMBER OF THE CLASS IN THE MEDICAL PROPERTIES CLASS ACTION LAWSUIT?
If you purchased shares during the class period and suffered losses in Medical Properties stock, then you are most likely a member of the class in the Medical Properties class action lawsuit and may participate in the Medical Properties class action lawsuit since you suffered losses in Medical Properties stock.
WHAT IF I MISS THE LEAD PLAINTIFF DEADLINE IN MEDICAL PROPERTIES CLASS ACTION LAWSUIT?
If you purchased shares during the class period and suffered losses in suffered losses in Medical Properties stock, then you will automatically be a class member and entitled to share in any potential settlement or recovery. Your ability to be a class member and recover your losses is not dependent on you serving as a lead plaintiff. The sixty-day deadline applies only to those shareholders seeking to be a lead plaintiff in the Medical Properties class action lawsuit.
CONTACT A MEDICAL PROPERTIES STOCK LOSS LAWYER TODAY IF YOU SUFFERED LOSSES IN MEDICAL PROPERTIES STOCK ABOUT A MEDICAL PROPERTIES CLASS ACTION LAWSUIT
If you suffered losses in Medical Properties stock, contact Medical Properties stock loss lawyer Timothy L. Miles today for a free case evaluation about a Medical Properties class action lawsuit. This will most likely be the only call you need to make. (855) 846–6529 or [email protected]..
Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association, 6Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America's Most Honored Lawyers 2020; Top 1% by America's Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime.
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846-6529
Email: [email protected]
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