Important Information for Investors: Rosen Law Firm Reminds Purchasers of Ready Capital Corporation (RC) Stock of Upcoming Deadline
New York, NY – March 18, 2025
Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Ready Capital Corporation (NYSE: RC) between November 7, 2024 and March 2, 2025, both dates inclusive (the “Class Period”), of the important May 5, 2025 lead plaintiff deadline. This deadline applies to those who may have purchased or otherwise acquired Ready Capital securities during the Class Period and may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
What Happened?
The lawsuit alleges that Ready Capital Corporation and certain of its officers and directors made false and/or misleading statements and/or failed to disclose that:
- The Company’s financial statements for the periods ending December 31, 2023 and 2022 contained material misstatements and/or omissions;
- The Company’s internal control over financial reporting was deficient;
- The Company’s revenue growth was significantly driven by acquisitions rather than organic growth;
- The Company’s net income for the period ending December 31, 2023 was overstated;
As a result of this information being released to the public, the price of Ready Capital securities significantly declined.
What Does This Mean for Affected Investors?
If you purchased Ready Capital securities during the Class Period and suffered a loss as a result, you may be entitled to compensation. The lead plaintiff deadline is May 5, 2025, and class members must file their claims no later than this date. The process is simple and requires no out-of-pocket costs or fees.
What Does This Mean for the World?
The allegations against Ready Capital Corporation serve as a reminder of the importance of accurate financial reporting for publicly traded companies. Misrepresentations in financial reporting can have significant consequences for investors, including financial losses and damage to their portfolios. It is essential for companies to maintain transparency and accuracy in their financial reporting to maintain the trust of their investors and the broader financial community.
Conclusion
If you purchased Ready Capital Corporation securities during the Class Period and believe you may be entitled to compensation, you are encouraged to contact Rosen Law Firm as soon as possible. The firm is dedicated to ensuring that investors receive the compensation they deserve, and the process is simple and requires no out-of-pocket costs or fees. The lead plaintiff deadline is May 5, 2025, so it is essential to act quickly to protect your investment rights.
The allegations against Ready Capital Corporation also serve as a reminder of the importance of accurate financial reporting. Companies must maintain transparency and accuracy to maintain the trust of their investors and the broader financial community. If you have concerns about the financial reporting of a publicly traded company, it is essential to do your due diligence and seek the advice of a qualified financial professional.
