Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Ready Capital Corporation
On March 19, 2025, in the United States District Court for the Southern District of New York, Bronstein, Gewirtz & Grossman, LLC, a prominent securities litigation law firm, announced the filing of a class action lawsuit against Ready Capital Corporation (“Ready Capital” or “the Company”) (NYSE:RC) and certain of its officers. The lawsuit alleges that the Company and its officers violated the federal securities laws during the period from November 7, 2024, to March 2, 2025.
Class Definition
This lawsuit, which seeks to recover damages for all persons and entities that purchased or otherwise acquired Ready Capital securities during the aforementioned Class Period, asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and financial condition.
Impact on Individual Investors
If you are an individual investor who purchased or otherwise acquired Ready Capital securities during the Class Period, you may be eligible to participate in this class action lawsuit. It is essential that you act promptly to protect your legal rights. To be included in the class action, you must file a motion to serve as lead plaintiff no later than the deadline set forth in the notice. The lead plaintiff will act on behalf of the entire class in this lawsuit.
Global Consequences
The impact of this lawsuit extends beyond the investors directly involved. When a company like Ready Capital is accused of securities fraud, it can lead to increased scrutiny from regulators and the investment community. This can negatively affect the Company’s reputation and potentially lead to a decrease in share value. Furthermore, such lawsuits can serve as a reminder to other companies to ensure transparency and accuracy in their financial reporting.
Conclusion
The filing of this class action lawsuit against Ready Capital Corporation and its officers raises concerns for investors and the broader financial community. If you purchased Ready Capital securities during the Class Period, it is crucial that you take action to protect your legal rights. This lawsuit underscores the importance of companies maintaining transparency and accuracy in their financial reporting to avoid potential legal and reputational consequences.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against Ready Capital Corporation and certain officers
- Allegations of securities law violations during the period from November 7, 2024, to March 2, 2025
- Class Period definition: November 7, 2024, to March 2, 2025
- Potential impact on individual investors: Eligibility to participate in class action lawsuit
- Global consequences: Increased scrutiny for the Company and potential negative effects on share value
