Important Information for Investors: Securities Class Action Lawsuit Against Ready Capital Corporation
Investors who purchased shares of Ready Capital Corporation (NYSE: RC) between November 7, 2024 and March 2, 2025, are encouraged to contact Kahn Swick & Foti, LLC (KSF) and former Attorney General of Louisiana, Charles C. Foti, Jr., as they lead the efforts in a securities class action lawsuit against the Company. The deadline to file a lead plaintiff application is May 5, 2025.
Background on the Lawsuit
The complaint alleges that during the Class Period, Ready Capital Corporation made false and/or misleading statements and/or failed to disclose material information concerning the Company’s business, operations, and financial condition. Specifically, the lawsuit alleges that the Company misrepresented the financial health of its commercial real estate portfolio and the adequacy of its loan loss reserves.
Impact on Individual Investors
If you invested in Ready Capital Corporation during the Class Period and have suffered losses as a result, you may be eligible to recover your losses through the securities class action lawsuit. Filing a lead plaintiff application with KSF by the May 5, 2025 deadline is an important step in the process. Lead plaintiffs play a significant role in the litigation and are entitled to certain representation and compensation.
Impact on the World
The securities class action lawsuit against Ready Capital Corporation highlights the importance of accurate financial reporting and disclosure in the securities industry. Misrepresentations and omissions can lead to significant losses for investors and undermine trust in the markets. The lawsuit also serves as a reminder for investors to carefully monitor their investments and seek legal recourse when necessary.
Conclusion
If you purchased Ready Capital Corporation shares during the Class Period and have suffered losses, contact Kahn Swick & Foti, LLC and former Attorney General of Louisiana, Charles C. Foti, Jr., to discuss your legal options. The deadline to file a lead plaintiff application is May 5, 2025. The lawsuit alleges that the Company made false and/or misleading statements and/or failed to disclose material information concerning its business, operations, and financial condition.
The impact of this lawsuit extends beyond just individual investors, as it underscores the importance of accurate financial reporting and disclosure in the securities industry. Misrepresentations and omissions can have serious consequences, and investors must be vigilant in protecting their investments. If you have any questions or concerns regarding this matter, please do not hesitate to contact KSF.
