October 15, 2024 – Late on October 14, 2024, Medical Properties Trust (“MPW”) issued a press release[1], signed only by the independent members of MPW’s Board. It states that the findings of an independent investigation conducted by Wachtell, Lipton, Rosen & Katz (“Wachtell”) completed in February 2023 contradict widely reported and evidenced reporting into MPW’s fraudulent activities.
This is an embarrassing and tacit admission of securities fraud by MPW. In an apparent attempt to dismiss the devastating findings of the OCCRP & Boston Globe, MPW’s independent directors have relied on the results of a materially dated “independent” investigations to claim “ignorance” of MPW’s criminal conduct.
The findings of the “no limitations or restrictions” investigation conducted by Wachtell (which are now almost 2 years old), have been thoroughly debunked by detailed reporting across various investigative journals, including the OCCRP, The Boston Globe, Wall Street Journal and The American Prospect