Levi & Korsinsky Investigates Ready Capital Corporation: Potential Securities Law Violations
New York, NY – March 5, 2025
Levi & Korsinsky, a leading securities law firm, notifies investors that it has commenced an investigation of Ready Capital Corporation (“Ready Capital” or “the Company”) (NYSE: RC) regarding potential securities laws violations. The investigation focuses on Ready Capital’s financial reporting and disclosures following the release of its financial results for the quarter ended December 31, 2024.
Background
Ready Capital is a real estate investment trust (REIT) that invests in and finances commercial properties. The Company’s investment portfolio consists primarily of first mortgage loans and real estate-related and other debt investments. Ready Capital’s financial results for the quarter ended December 31, 2024, were reported on February 16, 2025. The Company announced a net loss of $11.9 million, compared to a net income of $14.3 million in the same period the previous year.
Investigation Details
Levi & Korsinsky is investigating whether Ready Capital and its management team violated securities laws by making false and/or misleading statements and/or failing to disclose material information to investors. Specifically, the investigation focuses on the Company’s financial reporting and disclosures, including:
- The adequacy and completeness of the Company’s disclosures regarding its financial condition and business trends;
- The accuracy of the Company’s financial statements, including its revenue, net income, and expense recognition;
- Whether the Company and its management team made misrepresentations or omissions regarding the Company’s business, financial condition, or prospects.
Impact on Individual Investors
If you are a shareholder of Ready Capital Corporation (NYSE: RC) and have suffered a significant loss, Levi & Korsinsky encourages you to contact the firm. The investigation may lead to a securities class action lawsuit on behalf of investors, and you may be entitled to compensation. Levi & Korsinsky has extensive experience in the securities and financial services industries, and the firm has recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please contact Levi & Korsinsky at 212-363-7500 or via email at [email protected]
Impact on the World
The investigation of Ready Capital Corporation is significant because it highlights the importance of accurate financial reporting and disclosures for publicly traded companies. Misrepresentations and omissions in financial statements can mislead investors, leading to significant financial losses. The Securities and Exchange Commission (SEC) and other regulatory bodies have strict rules and regulations in place to ensure that publicly traded companies provide truthful and transparent information to investors. Violations of these rules can result in fines, penalties, and even criminal charges.
Conclusion
Levi & Korsinsky’s investigation of Ready Capital Corporation is a reminder to investors to remain vigilant and to carefully review financial statements and disclosures. The investigation may lead to a securities class action lawsuit, and investors who have suffered significant losses may be entitled to compensation. As the investigation progresses, further information will be provided. For more information, please contact Levi & Korsinsky at 212-363-7500 or via email at [email protected]
The investigation also underscores the importance of accurate financial reporting and disclosures for publicly traded companies. Misrepresentations and omissions in financial statements can have far-reaching consequences, affecting not only individual investors but also the broader financial markets and the economy as a whole. It is crucial that companies provide truthful and transparent information to investors to maintain confidence in the financial markets and to ensure a level playing field for all investors.
