Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Ready Capital Corporation
New York, NY – In a recent development, Bronstein, Gewirtz & Grossman, LLC, a prominent national law firm, announced the filing of a class action lawsuit against Ready Capital Corporation (“Ready Capital” or “the Company”) (NYSE:RC) and certain of its officers. The lawsuit alleges that the Company and its executives violated federal securities laws, affecting all investors who bought or acquired Ready Capital securities between November 7, 2024, and March 2, 2025.
Class Definition and Period
The lawsuit, filed in the United States District Court for the Southern District of New York, seeks to recover damages for the alleged securities law violations on behalf of the Class, which is defined as all persons and entities that purchased or otherwise acquired Ready Capital securities during the Class Period. The Class Period covers the time from November 7, 2024, to March 2, 2025.
Allegations Against Ready Capital and Its Officers
The complaint alleges that Ready Capital and its officers made false and misleading statements regarding the Company’s financial condition and business prospects. Specifically, the lawsuit alleges that the defendants failed to disclose material information related to the Company’s financial performance, regulatory compliance, and internal controls. As a result, investors relied on these misrepresentations when making investment decisions during the Class Period.
Impact on Individual Investors
If you purchased or otherwise acquired Ready Capital securities during the Class Period and suffered losses, you may be eligible to join the class action lawsuit as a lead plaintiff. As a lead plaintiff, you would act on behalf of the Class in managing the litigation and making important decisions. In addition, you may be entitled to a share of the recovery.
Global Implications
The filing of this class action lawsuit against Ready Capital and its officers could have significant implications for the financial industry and investors worldwide. The lawsuit highlights the importance of transparency and accurate disclosures in the securities market. It also serves as a reminder that investors have legal recourse when companies and their executives fail to provide truthful and complete information.
Conclusion
The lawsuit against Ready Capital Corporation and its officers marks a significant event for investors who purchased or acquired the Company’s securities during the Class Period. If you believe you may be affected, it is crucial to consult with a qualified securities attorney as soon as possible to discuss your potential legal rights and options. The global implications of this lawsuit underscore the importance of transparency and accurate disclosures in the financial industry.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against Ready Capital Corporation and certain officers.
- Allegations of securities law violations during the Class Period: November 7, 2024, to March 2, 2025.
- Impact on individual investors: potential eligibility to join the class action lawsuit and share in the recovery.
- Global implications: reminder of the importance of transparency and accurate disclosures in the financial industry.
