Important Notice for Ready Capital Corporation Shareholders
New York, NY – The Gross Law Firm, a leading securities fraud class action law firm, notifies investors that a class action lawsuit has been filed against Ready Capital Corporation (RC) in the United States District Court for the Southern District of New York. The lawsuit alleges that certain officers and directors of Ready Capital Corporation made false and misleading statements and failed to disclose material information to investors.
Class Period and Eligibility
The class period for this action is from January 1, 2023, to November 15, 2024. The lawsuit seeks to represent purchasers of Ready Capital Corporation common stock during the class period (the “Class”).
Allegations
The complaint alleges that Ready Capital Corporation and certain of its executives made false and misleading statements and failed to disclose material information regarding the company’s financial condition and business prospects. Specifically, the complaint alleges that the defendants failed to disclose that the company’s loan portfolio contained significant risks, including an increased risk of defaults, and that the company’s financial statements contained material misstatements.
Lead Plaintiff Appointment
The Gross Law Firm encourages shareholders who purchased or acquired Ready Capital Corporation common stock during the class period to contact the firm regarding possible lead plaintiff appointment. The lead plaintiff is the representative party who acts on behalf of the Class in the litigation. The lead plaintiff will be appointed by the court and will determine the direction of the litigation.
Impact on Individual Investors
If you purchased or acquired Ready Capital Corporation common stock during the class period, your financial interests may be affected by this lawsuit. You may be able to recover your losses through the class action, which would be paid from any damages awarded by the court or recovered in a settlement. You may also be entitled to vote on important decisions, including whether to accept a settlement.
Impact on the World
The impact of this lawsuit on the world at large may be significant, as it highlights the importance of transparency and accuracy in corporate reporting. Investors rely on accurate information to make informed decisions about where to invest their money. When companies fail to provide this information, they put investors at risk and undermine the trust and confidence in the financial markets.
Conclusion
If you purchased or acquired Ready Capital Corporation common stock during the class period listed in this notice, we encourage you to contact The Gross Law Firm to discuss your potential role in this litigation. Your participation may help ensure that you recover any losses you may have suffered as a result of the defendants’ alleged misconduct. For more information, please contact The Gross Law Firm toll-free at 888-227-1030, or by email at [email protected].
About The Gross Law Firm
The Gross Law Firm is a leading securities fraud class action law firm based in New York. The firm represents investors who have suffered financial losses as a result of corporate misconduct, including securities fraud, accounting fraud, and insider trading. The firm has recovered billions of dollars for its clients and is committed to helping investors protect their investments and recover their losses.
- Contact The Gross Law Firm for more information
- Learn more about securities fraud class actions
- Stay informed about the latest securities fraud news and developments
