Important Information for Ready Capital Corporation Investors: Securities Class Action Lawsuit Announced
New York, NY – March 21, 2025
Levi & Korsinsky, LLP, a leading securities litigation firm, has announced that a class action securities lawsuit has been commenced on behalf of investors in Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC). The lawsuit seeks to recover losses on behalf of Ready Capital investors who were adversely affected by alleged securities fraud between November 7, 2024 and March 2, 2025.
Class Definition
The lawsuit alleges that during the class period, Ready Capital made materially false and misleading statements regarding its business, operations, and financial condition. Specifically, the complaint alleges that the Company misrepresented the quality of its loan portfolio and its ability to manage risk. These allegations have caused significant losses for investors.
Impact on Individual Investors
If you invested in Ready Capital Corporation between November 7, 2024 and March 2, 2025, you may be entitled to recover your losses as a member of the class action. The lead plaintiff must file a motion with the court no later than May 20, 2025 to be appointed as the representative for all investors in the class. The court will then decide whether to certify the class.
Impact on the World
The securities fraud allegations against Ready Capital Corporation have raised concerns among investors in the real estate investment trust (REIT) industry. The lawsuit could lead to increased scrutiny of other REITs and their reporting practices. It may also result in increased regulatory oversight and potential reforms in the industry.
Next Steps for Investors
If you wish to learn more about this lawsuit and your potential role as a class member, please contact Levi & Korsinsky, LLP. You can also sign up for updates at [email protected] or call us at 212-363-7576.
Conclusion
The securities fraud allegations against Ready Capital Corporation have shaken confidence in the real estate investment trust industry. If you invested in Ready Capital between November 7, 2024 and March 2, 2025, you may be entitled to recover your losses as a member of the class action. Contact Levi & Korsinsky, LLP for more information about the lawsuit and your potential role as a class member.
- Levi & Korsinsky, LLP announces class action securities lawsuit against Ready Capital Corporation
- Allegations of securities fraud between November 7, 2024 and March 2, 2025
- Impact on individual investors: potential for recovery of losses as a class member
- Impact on the world: increased scrutiny of REIT industry and potential regulatory reforms
- Next steps for investors: contact Levi & Korsinsky, LLP for more information
