The hydroelastic response of an elastic thin plate combined with a vertical porous flexible plate floating on a single- or a two-layer fluid is analyzed in the two-dimensional Cartesian coordinate system. The vertical and the horizontal plates are placed in an inverted-L shape and rigidly connected together. The problem is studied with the aid of the method of matched eigenfunction expansions within the framework of linear potential flow theory. The fluid is assumed to be inviscid and incompressible, and the motion is assumed to be irrotational. Time–harmonic incident waves of the traveling mode with a given angular frequency are considered. Then, the least-squares approximation method and the inner product are used to obtain the expansion coefficients of the velocity potentials. Graphical results show the interaction between the water waves and the structure. The effects of several physical parameters, including the length and the complex porous-effect parameter of the vertical plate, on the wave reflection and transmission are discussed. The results show that a vertical plate can effectively eliminate the hydroelastic response of the very large floating structure. The longer a vertical plate is, the more waves are reflected by the vertical plate. With the increase in the porous-effect parameter, the deflection of vertical plate decreases. Besides the effects of the flexural rigidity, the lateral stress, the mooring line angle, the fluid density ratio, and the position of interface on the wave reflection and transmission are discussed. Numerical results show the significant mitigation effect due to the presence of the additional vertical plate.