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).
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 during the period from November 7, 2024 to March 2, 2025, inclusive (the “Class Period”).
Details of the Lawsuit
The complaint alleges that during the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s financial statements for the fiscal year ending December 31, 2023 and the first quarter of 2025 contained material misstatements and/or omissions; (2) the Company’s internal control over financial reporting was inadequate; and (3) as a result, the Company’s financial statements were not reliable.
Impact on Individual Investors
If you purchased or otherwise acquired Ready Capital Corporation’s shares during the Class Period, you may be entitled to recover your losses, including damages and interest, in this action. To recover, you must file a lead plaintiff application by May 5, 2025. If you wish to serve as lead plaintiff, you must meet certain legal requirements and be the first to file such an application. A lead plaintiff does not need to have suffered the maximum damages among all class members.
Impact on the World
The securities class action lawsuit against Ready Capital Corporation is significant because it highlights the importance of accurate financial reporting and internal controls for publicly traded companies. The lawsuit also underscores the role that investors can play in holding corporations accountable for misrepresentations and fraudulent activities. If the allegations are proven true, it could lead to increased scrutiny and regulatory action against the Company, as well as potential consequences for its executives and directors.
Conclusion
If you purchased or otherwise acquired Ready Capital Corporation’s shares during the Class Period and believe you may be entitled to recover your losses, you are encouraged to contact KSF as soon as possible to discuss your legal rights. KSF has significant experience in securities class action lawsuits and has recovered billions of dollars for investors. For more information, please contact KSF at 1-877-515-1850 or [email protected].
- 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”).
- The lawsuit 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 during the period from November 7, 2024 to March 2, 2025, inclusive (the “Class Period”).
- The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company’s financial statements for the fiscal year ending December 31, 2023 and the first quarter of 2025 contained material misstatements and/or omissions; (2) the Company’s internal control over financial reporting was inadequate; and (3) as a result, the Company’s financial statements were not reliable.
- Individual investors who purchased or otherwise acquired Ready Capital Corporation’s shares during the Class Period may be entitled to recover their losses, including damages and interest, in this action. To recover, they must file a lead plaintiff application by May 5, 2025.
- The lawsuit underscores the importance of accurate financial reporting and internal controls for publicly traded companies, and highlights the role that investors can play in holding corporations accountable for misrepresentations and fraudulent activities.
