Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Ready Capital Corporation
NEW YORK, NY – March 18, 2025
Bronstein, Gewirtz & Grossman, LLC, a leading national law firm, announces that a class action lawsuit has been filed against Ready Capital Corporation (“Ready Capital” or “the Company”) (NYSE:RC) and certain of its officers. The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that the Company and its officers violated the federal securities laws during the Class Period, which spans from November 7, 2024, to March 2, 2025.
Class Definition
The class action seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired Ready Capital securities during the Class Period. Plaintiffs claim that the defendants made materially false and misleading statements regarding the Company’s business, operations, and financial condition, thereby artificially inflating the price of Ready Capital securities.
Allegations
The complaint alleges that the defendants made false and misleading statements and failed to disclose material information related to Ready Capital’s business, operations, and financial condition. Specifically, the lawsuit claims that the defendants:
- Overstated the Company’s financial performance and growth prospects;
- Failed to disclose significant risks associated with the Company’s business;
- Failed to disclose related party transactions;
- Failed to disclose insider selling activity;
As a result of these alleged false and misleading statements, Ready Capital securities traded at artificially inflated prices during the Class Period, causing investors to suffer significant losses.
Impact on Investors
If you purchased or otherwise acquired Ready Capital securities during the Class Period, you may be eligible to recover your losses, including damages. Please contact Bronstein, Gewirtz & Grossman, LLC, to discuss your rights and potential remedies as a member of this class. You can also visit the firm’s website at www.bgandg.com for more information.
Impact on the World
The filing of this class action lawsuit against Ready Capital Corporation has significant implications for the financial industry and investors. It highlights the importance of transparency and accuracy in financial reporting, as well as the role of securities class actions in protecting investors and holding corporations and their officers accountable for misconduct. As this case proceeds, it may set important legal precedents and provide valuable insights into the regulatory landscape for public companies.
Conclusion
Bronstein, Gewirtz & Grossman, LLC’s filing of a class action lawsuit against Ready Capital Corporation and certain of its officers underscores the importance of truthful and accurate financial reporting. If you purchased or otherwise acquired Ready Capital securities during the Class Period, you may be eligible to recover your losses. For more information, please contact the firm or visit its website. As this case progresses, it will provide valuable insights into the role of securities class actions in protecting investors and ensuring transparency in the financial industry.
