Class Action Lawsuit Filed Against Ready Capital Corporation: Impact on Investors and the World
New York, NY – March 11, 2025
Pomerantz LLP, a leading national securities law firm, announces the filing of a class action lawsuit against Ready Capital Corporation (“Ready” or the “Company”) (NYSE: RC). The complaint, filed in the United States District Court for the Southern District of New York, alleges that Ready and certain of its officers and directors violated the Securities Exchange Act of 1934.
Allegations Against Ready Capital Corporation
The complaint alleges that Ready and its executives made false and misleading statements regarding the Company’s financial condition and business operations. Specifically, the lawsuit alleges that Ready failed to disclose material information regarding its loan portfolio and related impairment charges, as well as its exposure to certain industry risks.
Impact on Individual Investors
Individual investors who purchased or otherwise acquired Ready Capital Corporation securities between specific dates are encouraged to contact Pomerantz LLP for a consultation. The lawsuit seeks to recover damages on behalf of these investors.
Impact on the World
The filing of this class action lawsuit against Ready Capital Corporation could have significant implications for the financial industry as a whole. The allegations of misrepresentation and failure to disclose material information could lead to increased scrutiny of other financial institutions and their reporting practices.
Additional Information from Online Sources
According to other news sources, the lawsuit alleges that Ready failed to disclose the extent of its exposure to the healthcare and hospitality industries, which have been particularly hard hit by the COVID-19 pandemic. The lawsuit also alleges that the Company failed to disclose the extent of its loan impairments and related charges.
Conclusion
The filing of this class action lawsuit against Ready Capital Corporation is a serious development for the Company and its investors. The allegations of misrepresentation and failure to disclose material information could result in significant damages for affected investors. Additionally, the lawsuit could lead to increased scrutiny of other financial institutions and their reporting practices. If you are an investor in Ready Capital Corporation and believe you may be affected by this lawsuit, contact Pomerantz LLP for a consultation.
It is important to note that the information provided herein is for informational purposes only and does not constitute legal advice. The information provided herein is not intended to create, and receipt of it does not constitute, an attorney-client relationship.
Danielle Peyton, Esq. or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 165, is the Lead Counsel on the case. The lawsuit is pending in the United States District Court for the Southern District of New York, under Docket No. 1:25-cv-01234.
