Important Information for Investors: Securities Class Action Lawsuit Against Ready Capital Corporation
Kahn Swick & Foti, LLC (KSF) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., are urging investors who purchased shares of Ready Capital Corporation (the “Company”) between November 7, 2024 and March 2, 2025, inclusive (the “Class Period”), to take note of the following:
Class Action Lawsuit Filed Against Ready Capital Corporation
KSF and Mr. Foti have filed a securities class action lawsuit against Ready Capital Corporation in the United States District Court for the Southern District of New York. The lawsuit alleges that the Company and certain of its executives made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and financial condition.
Details of the Lawsuit
The complaint alleges that during the Class Period, the Company issued materially false and misleading statements regarding its business, operations, and financial condition, specifically concerning its loan origination activities and the quality of its loan portfolio. The lawsuit alleges that these false statements were made to induce investors to purchase the Company’s shares at artificially inflated prices.
Impact on Individual Investors
If you purchased shares of Ready Capital Corporation during the Class Period and have suffered a financial loss, you may be eligible to recover your loss through this class action lawsuit. To be a lead plaintiff for this lawsuit, you must meet certain requirements and deadlines. You may wish to consult with KSF or other counsel to discuss your rights and interests in this case.
Impact on the World
The securities class action lawsuit against Ready Capital Corporation is significant because it highlights the importance of transparency and accuracy in financial reporting. Misrepresentations and omissions in financial statements can have far-reaching consequences, including damage to investor confidence, loss of shareholder value, and potential regulatory action. This lawsuit serves as a reminder to companies to prioritize truthful disclosures and to investors to exercise due diligence when making investment decisions.
Conclusion
If you purchased shares of Ready Capital Corporation during the Class Period and have suffered a financial loss, you may be able to recover your loss through this securities class action lawsuit. The deadline to file a lead plaintiff application is May 5, 2025. For more information, you may contact Kahn Swick & Foti, LLC at (514) 979-1111 or via email at [email protected].
This lawsuit underscores the importance of accurate financial reporting and the potential consequences of misrepresentations and omissions. It is a reminder to companies to prioritize truthful disclosures and to investors to exercise due diligence when making investment decisions.
- KSF and Mr. Foti have filed a securities class action lawsuit against Ready Capital Corporation.
- The lawsuit alleges that the Company made false and/or misleading statements during the Class Period.
- Individual investors who purchased shares during the Class Period and suffered a financial loss may be eligible to recover their losses.
- The deadline to file a lead plaintiff application is May 5, 2025.
- This lawsuit highlights the importance of transparency and accuracy in financial reporting.
