Important Information for Investors: Securities Class Action Lawsuit Against Ready Capital Corporation
New York, NY and New Orleans, LA – Kahn Swick & Foti, LLC (KSF) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against Ready Capital Corporation (the “Company”) (NYSE:RC), if they purchased the Company’s shares between November 7, 2024 and March 2, 2025, inclusive (the “Class Period”).
Background on the Class Action Lawsuit
The complaint alleges that during the Class Period, the Company made false and/or misleading statements and/or failed to disclose that: (1) the Company’s financial statements contained material errors; (2) the Company’s internal control over financial reporting was inadequate and/or deficient; and (3) as a result, the Company’s financial statements were not reliable.
Impact on Individual Investors
If you purchased shares of Ready Capital Corporation during the Class Period and have suffered a loss, you may be eligible to recover your loss through the securities class action lawsuit. Investors are encouraged to contact KSF to discuss their legal rights and potential remedies in this case. Class members do not need to be lead plaintiff or act as a representative of the Class to be eligible for a recovery.
- To be eligible for recovery, investors must have purchased Ready Capital Corporation securities during the Class Period.
- The lead plaintiff will be appointed by the Court and will act on behalf of all Class members.
- The lead plaintiff will seek to recover damages on behalf of the Class and manage the litigation.
- Class members do not need to seek appointment as lead plaintiff to be eligible for a recovery.
Impact on the World
Securities class action lawsuits are an important tool for investors to recover losses and hold corporations accountable for misrepresentations and fraud. This lawsuit against Ready Capital Corporation is significant because it raises concerns about the accuracy of the Company’s financial statements and internal controls. If the allegations are proven true, it could have implications for the broader financial industry and investor confidence.
Conclusion
Kahn Swick & Foti, LLC and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 5, 2025 to file lead plaintiff applications in the securities class action lawsuit against Ready Capital Corporation. If you purchased the Company’s shares during the Class Period and have suffered a loss, you may be eligible to recover your loss through the lawsuit. For more information, contact KSF today.
Securities class action lawsuits are important for investors to hold corporations accountable for misrepresentations and fraud. This lawsuit against Ready Capital Corporation raises concerns about the accuracy of the Company’s financial statements and internal controls. The outcome of this case could have implications for the broader financial industry and investor confidence.
