Breaking News: The Schall Law Firm Files Class Action Lawsuit Against Ready Capital Corporation
Los Angeles, CA – March 14, 2025
Investors who purchased securities of Ready Capital Corporation (“Ready Capital” or “the Company”) (NYSE: RC) between November 7, 2024 and March 2, 2025, are encouraged to contact The Schall Law Firm. The firm is investigating potential securities laws violations by the Company.
Class Action Lawsuit Details
The Schall Law Firm, a national shareholder rights litigation firm, announced a class action lawsuit against Ready Capital Corporation for violations of ยงยง10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The complaint alleges that Ready Capital made false and misleading statements and failed to disclose material information during the Class Period. Specifically, the Company allegedly failed to disclose that:
- There were issues with its commercial real estate loan portfolio
- The Company’s financial statements contained material errors
- Management had engaged in a scheme to inflate earnings
As a result of these alleged false statements and omissions, Ready Capital’s stock traded at artificially inflated prices during the Class Period.
Impact on Individual Investors
If you purchased Ready Capital Corporation’s securities during the Class Period, you may be entitled to recover your losses, including damages. The Schall Law Firm encourages you to contact the firm before May 5, 2025, to discuss your rights as an investor.
Impact on the World
The class action lawsuit against Ready Capital Corporation is significant as it highlights the importance of accurate financial reporting and disclosure. The case serves as a reminder for public companies to maintain transparency with their investors and the public.
Moreover, the lawsuit may lead to increased scrutiny of the commercial real estate industry, as concerns about the health of loan portfolios and financial statements continue to grow. This could potentially lead to stricter regulations and oversight.
Conclusion
The Schall Law Firm’s class action lawsuit against Ready Capital Corporation underscores the importance of accurate financial reporting and disclosure. The case serves as a reminder for investors to remain vigilant and to seek legal recourse if they believe they have been victimized by securities law violations.
For those who purchased Ready Capital Corporation’s securities during the Class Period, it is essential to contact The Schall Law Firm to discuss their potential recovery options. The lawsuit may also have broader implications for the commercial real estate industry and financial reporting as a whole.
If you have any questions or believe you may be affected by this case, please don’t hesitate to reach out to The Schall Law Firm.
