Breaking News: Investors Suffer Losses – Join the Securities Fraud Class Action against Ready Capital Corporation
Los Angeles, CA, March 26, 2025 – Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, recently announced that investors who have incurred losses on their Ready Capital Corporation (“Ready Capital” or the “Company”) investments have until May 5, 2025, to participate as lead plaintiffs in a securities fraud class action lawsuit. The lawsuit alleges that Ready Capital and certain of its top executives violated federal securities laws by making false and misleading statements about the Company’s business, operations, and financial condition.
Background
Ready Capital is a real estate investment trust (“REIT”) that invests in and finances commercial real estate properties. The Company’s stock is publicly traded on the New York Stock Exchange under the ticker symbol “RC.”
The Allegations
The securities fraud class action lawsuit alleges that Ready Capital and certain of its executives made materially false and misleading statements regarding the Company’s financial condition and business prospects. Specifically, the complaint alleges that the defendants failed to disclose material information about the Company’s loan portfolio, which contained a significant number of non-performing loans and loans with elevated risk.
Impact on Individual Investors
If you invested in Ready Capital and suffered losses, you may be entitled to compensation. The lead plaintiff deadlines for securities fraud class actions are crucial, as they determine the timeline for the litigation and your ability to recover potential damages. By participating as a lead plaintiff, you can help shape the direction of the lawsuit and potentially increase your recovery.
Impact on the World
The securities fraud lawsuit against Ready Capital is significant because it highlights the importance of transparency and accuracy in financial reporting. The allegations against the Company and its executives could potentially deter investors from putting their money into similar REITs, potentially leading to a decrease in demand for these types of investments. Furthermore, the lawsuit could result in increased scrutiny of the REIT industry as a whole, potentially leading to more stringent regulations and oversight.
Conclusion
If you invested in Ready Capital and suffered losses, it’s essential to take action before the May 5, 2025, lead plaintiff deadline. By participating as a lead plaintiff, you can help ensure that the securities fraud class action lawsuit holds the Company and its executives accountable for their alleged misconduct. Moreover, the outcome of this lawsuit could have far-reaching implications for the REIT industry and financial reporting transparency as a whole.
- If you invested in Ready Capital and suffered losses, you may be entitled to compensation.
- The lead plaintiff deadline is May 5, 2025.
- Participating as a lead plaintiff can help shape the direction of the lawsuit.
- The lawsuit could potentially lead to increased scrutiny and regulations in the REIT industry.
