Important Information for Investors: Securities Class Action Lawsuit Filed Against Ready Capital Corporation
On March 18, 2025, Kahn Swick & Foti, LLC (“KSF”) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., announced that they are reminding investors of the upcoming deadline to file lead plaintiff applications in a securities class action lawsuit against Ready Capital Corporation (the “Company”) (NYSE: RC).
Details of the Lawsuit
The lawsuit alleges that during the Class Period, which spans from November 7, 2024 to March 2, 2025, the Company made materially false and/or misleading statements and failed to disclose material information about the Company’s business, operations, and financial condition.
Impact on Individual Investors
If you purchased the Company’s shares during the Class Period, you may be eligible to recover your losses, including damages. The lead plaintiff will act on behalf of all other class members in managing the litigation. If you wish to act as an interested party in the lawsuit or have any questions concerning your rights or interests, you are encouraged to contact KSF (Charles Foti, Jr. of KSF, 1-877-515-1850, [[email protected]](mailto:[email protected])).
Impact on the World
The securities class action lawsuit against Ready Capital Corporation could have several implications for the financial markets and the world at large. Here are a few potential effects:
- Investor Confidence: Such lawsuits can cause a decline in investor confidence in the Company and the broader market. This can lead to a sell-off of the Company’s shares, negatively impacting the stock price.
- Regulatory Scrutiny: The lawsuit may result in increased regulatory scrutiny of the Company’s business practices and financial reporting. This could lead to additional costs and potential fines for the Company.
- Legal Precedent: The outcome of the lawsuit could set a legal precedent for future securities class action lawsuits. This could influence the behavior of publicly traded companies and their reporting practices.
Conclusion
The securities class action lawsuit filed against Ready Capital Corporation is an important development for investors who purchased the Company’s shares during the Class Period. If you are one of these investors, you may be eligible to recover your losses. It is crucial to stay informed about the progress of the lawsuit and your potential rights as a shareholder. Additionally, the lawsuit could have far-reaching implications for investor confidence, regulatory scrutiny, and legal precedent in the financial markets.
For more information, please contact KSF at 1-877-515-1850 or [[email protected]](mailto:[email protected]).
