Medical Properties Trust Announces Settlement with Viceroy Research
Medical Properties Trust (NYSE: MPW) announced a mutual settlement and dismissal of its defamation lawsuit against Viceroy Research The lawsuit was originally filed in federal court on March 30, 2023. Both parties have agreed to maintain confidentiality regarding the settlement terms.
Medical Properties Trust (NYSE: MPW) ha annunciato un accordo reciproco e la rinuncia alla causa per diffamazione contro Viceroy Research. La causa era stata originariamente intentata in tribunale federale il 30 marzo 2023. Entrambe le parti hanno concordato di mantenere riservati i termini dell'accordo.
Medical Properties Trust (NYSE: MPW) anunció un acuerdo mutuo y el desistimiento de su demanda por difamación contra Viceroy Research. La demanda fue presentada originalmente en el tribunal federal el 30 de marzo de 2023. Ambas partes han acordado mantener la confidencialidad sobre los términos del acuerdo.
메디컬 프로퍼티즈 트러스트(Medical Properties Trust, NYSE: MPW)는 바이스로이 리서치(Viceroy Research)에 대한 명예 훼손 소송의 상호 합의 및 기각을 발표했습니다. 이 소송은 2023년 3월 30일 연방 법원에 원래 제출되었습니다. 양측은 합의 조건에 대한 비밀을 유지하기로 합의했습니다.
Medical Properties Trust (NYSE: MPW) a annoncé un accord mutuel et le rejet de sa plainte pour diffamation contre Viceroy Research. La plainte avait été initialement déposée devant un tribunal fédéral le 30 mars 2023. Les deux parties ont convenu de maintenir la confidentialité concernant les termes de l'accord.
Medical Properties Trust (NYSE: MPW) hat einen gegenseitigen Vergleich und die Abweisung seiner Verleumdungsklage gegen Viceroy Research angekündigt. Die Klage wurde ursprünglich am 30. März 2023 vor einem Bundesgericht eingereicht. Beide Parteien haben vereinbart, die Bedingungen des Vergleichs vertraulich zu behandeln.
- Resolution of legal uncertainty through settlement of defamation lawsuit
- Confidential settlement terms prevent transparency for shareholders
Insights
The confidential nature of the settlement terms makes it challenging to assess the direct financial impact, but the resolution eliminates a major source of uncertainty that has been weighing on MPW's stock performance. Last year's lawsuit centered on MPW's claims that Viceroy published false and defamatory statements, which contributed to the REIT's significant market value decline.
The settlement's implications extend beyond the immediate legal resolution. For a
While this legal resolution removes one source of negative publicity, MPW must now work to rebuild market confidence through operational performance and transparency. The original lawsuit's dismissal could signal to other potential short-sellers that MPW is willing to defend its reputation aggressively, potentially deterring future similar campaigns.
In simpler terms for retail investors: Think of this like clearing the air after a public dispute - while we don't know who "won," the fact that both parties agreed to move on allows MPW to focus on its core business without the distraction and ongoing reputational damage of a public legal battle. However, the company still needs to address fundamental business challenges to fully regain investor trust.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “would”, “could”, “expect”, “intend”, “plan”, “estimate”, “target”, “anticipate”, “believe”, “objectives”, “outlook”, “guidance” or other similar words, and include statements regarding our strategies, objectives, asset sales and other liquidity transactions (including the use of proceeds thereof), expected re-tenanting of vacant facilities and any related regulatory approvals, expected outcomes from Steward’s Chapter 11 restructuring process, and the terms of the agreement described in this press release. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results or future events to differ materially from those expressed in or underlying such forward-looking statements, including, but not limited to: (i) the risk that the outcome and terms of the bankruptcy restructuring of Steward will not be consistent with those anticipated by the Company; (ii) the risk that the Company is unable to successfully re-tenant the Steward portfolio hospitals, on the terms described herein or at all; (iii) the risk that previously announced or contemplated property sales, loan repayments, and other capital recycling transactions do not occur as anticipated or at all; (iv) the risk that MPT is not able to attain its leverage, liquidity and cost of capital objectives within a reasonable time period or at all; (v) MPT’s ability to obtain debt financing on attractive terms or at all, as a result of changes in interest rates and other factors, which may adversely impact its ability to pay down, refinance, restructure or extend its indebtedness as it becomes due, or pursue acquisition and development opportunities; (vi) the ability of our tenants, operators and borrowers to satisfy their obligations under their respective contractual arrangements with us; (vii) the ability of our tenants and operators to operate profitably and generate positive cash flow, remain solvent, comply with applicable laws, rules and regulations in the operation of our properties, to deliver high-quality services, to attract and retain qualified personnel and to attract patients; (viii) the risk that we are unable to monetize our investments in certain tenants at full value within a reasonable time period or at all, (ix) our success in implementing our business strategy and our ability to identify, underwrite, finance, consummate and integrate acquisitions and investments; and (x) the risks and uncertainties of litigation or other regulatory proceedings.
The risks described above are not exhaustive and additional factors could adversely affect our business and financial performance, including the risk factors discussed under the section captioned “Risk Factors” in our most recent Annual Report on Form 10-K and our Form 10-Q, and as may be updated in our other filings with the SEC. Forward-looking statements are inherently uncertain and actual performance or outcomes may vary materially from any forward-looking statements and the assumptions on which those statements are based. Readers are cautioned to not place undue reliance on forward-looking statements as predictions of future events. We disclaim any responsibility to update such forward-looking statements, which speak only as of the date on which they were made.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241218658956/en/
Drew Babin, CFA, CMA
Head of Financial Strategy and Investor Relations
Medical Properties Trust, Inc.
(646) 884-9809
dbabin@medicalpropertiestrust.com
Source: Medical Properties Trust, Inc.
FAQ
What was the outcome of MPW's defamation lawsuit against Viceroy Research?
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Will the terms of MPW's settlement with Viceroy Research be disclosed?
How does the Viceroy Research settlement affect MPW shareholders?
