Important Investor Alert: Deadline Reminder for Ready Capital Corporation Securities Class Action Lawsuit
New York, NY and New Orleans, LA – March 25, 2025
Kahn Swick & Foti, LLC (KSF) and KSF 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).
This action is pending in the United States District Court for the Southern District of New York and is brought on behalf of all persons or entities who purchased or otherwise acquired Ready Capital Corporation’s shares between November 7, 2024 and March 2, 2025, inclusive (the “Class Period”).
About 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:
- The Company’s financial statements contained material misstatements and omissions;
- The Company’s loan loss reserves were inadequate;
- The Company’s loan underwriting standards were deficient;
- The Company’s internal control over financial reporting was deficient;
- The Company’s failure to disclose these issues would result in regulatory scrutiny and increased costs.
As a result of these allegations, the Company’s shares suffered significant losses, and investors who purchased or otherwise acquired Ready Capital Corporation’s shares during the Class Period have suffered substantial losses and damages.
What Does This Mean for Me?
If you purchased Ready Capital Corporation’s shares during the Class Period and have suffered losses, you may be eligible to recover your losses as a lead plaintiff in this securities class action lawsuit. You may also be eligible to join the class as a class member.
To learn more about this lawsuit and your potential eligibility, contact KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., at 1-877-515-1850 or via email at [email protected].
What Does This Mean for the World?
The securities class action lawsuit against Ready Capital Corporation is significant because it highlights the importance of accurate financial reporting and strong internal controls. Companies that fail to meet these standards can face regulatory scrutiny, financial losses, and reputational damage.
Moreover, this lawsuit serves as a reminder that investors have legal rights and can take action to recover their losses. It also demonstrates the important role of securities class action lawsuits in holding companies accountable for their actions and providing compensation to injured investors.
Conclusion
If you purchased Ready Capital Corporation’s shares during the Class Period and believe you have suffered losses as a result, you may be eligible to recover your losses as a lead plaintiff in this securities class action lawsuit. Contact KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., at 1-877-515-1850 or via email at [email protected] to learn more about your potential eligibility and how you can recover your losses.
This lawsuit also serves as a reminder of the importance of accurate financial reporting and strong internal controls. Companies that fail to meet these standards can face significant consequences, including regulatory scrutiny, financial losses, and reputational damage.
As investors, it is essential to stay informed about the companies we invest in and to take action when necessary to protect our investments. If you believe you have been injured as a result of a company’s misrepresentations or omissions, consider seeking the advice of a securities attorney.
