Bronstein, Gewirtz & Grossman File Class Action Lawsuit Against Ready Capital Corporation
New York, NY – In a shocking turn of events, Bronstein, Gewirtz & Grossman, LLC, a renowned law firm, has 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 violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Ready Capital securities between November 7, 2024, and March 2, 2025.
Class Definition
The lawsuit, filed in the United States District Court for the Southern District of New York, seeks to recover damages against Defendants for their alleged misrepresentations and omissions of material facts regarding the Company’s business, operations, and financial condition. The Class Period refers to the time frame between November 7, 2024, and March 2, 2025.
Allegations
The complaint alleges that Ready Capital and its officers made false and misleading statements and failed to disclose material information to investors regarding the Company’s financial condition, business prospects, and compliance with applicable laws and regulations. Specifically, the lawsuit alleges that the Company misrepresented its financial results, including its revenue, earnings, and cash flow, and failed to disclose material information regarding its compliance with regulatory requirements and internal controls.
Impact on Individual Investors
For individual investors who purchased Ready Capital securities during the Class Period, this lawsuit could mean significant financial losses. If the allegations are proven true, investors may be entitled to recover damages for their losses. The lawsuit is an opportunity for investors to hold the Company and its officers accountable for any misconduct and potentially recoup their losses.
- If you purchased Ready Capital securities during the Class Period, you may be eligible to join the class action lawsuit.
- To learn more about the lawsuit and how to potentially recover your losses, contact Bronstein, Gewirtz & Grossman, LLC.
Impact on the World
The filing of this class action lawsuit against Ready Capital could have far-reaching implications for the financial industry and investors at large. It highlights the importance of transparency and accuracy in financial reporting and the consequences of failing to meet these obligations. The lawsuit could also serve as a reminder for companies and their officers to prioritize compliance with securities laws and regulations.
Conclusion
The filing of this class action lawsuit against Ready Capital Corporation is a significant development for investors and the financial industry as a whole. If the allegations are proven true, it could result in significant financial losses for those who purchased Ready Capital securities during the Class Period. It also serves as a reminder of the importance of transparency and accuracy in financial reporting and the consequences of failing to meet these obligations. For more information about the lawsuit and how to potentially recover your losses, contact Bronstein, Gewirtz & Grossman, LLC.
