Armstrong v. Medical Properties Trust, Inc. et al

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Case Number:

1:23-cv-08597

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Vernon S. Broderick

Firms

Companies

Sectors & Industries:

  1. November 29, 2023

    REIT Investor Wants Pomerantz To Lead Suit Over $375M Deal

    An investor for a hospital-focused real estate investment trust urged a New York federal court to appoint Pomerantz LLP as lead class counsel for a proposed securities class action against the REIT, which is accused of causing a share price drop by hiding a California government order that paused a $375 million equity stake transaction.

  2. October 02, 2023

    Investors Say REIT Didn't Reveal Order About $375M Deal

    A potential class of investors accused hospital-focused real estate investment trust Medical Properties Trust Inc. in New York federal court of causing a share price drop by hiding a regulatory order that paused the REIT's $375 million equity stake transaction with a health care management services organization.

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