Breaking News: Class Action Lawsuit Filed Against Ready Capital Corporation
New York, March 26, 2025. In a shocking turn of events, Pomerantz LLP, a renowned securities litigation firm, has announced the filing of a class action lawsuit against Ready Capital Corporation (“Ready” or the “Company”) (NYSE: RC). The lawsuit alleges that Ready and certain of its executives and directors made materially false and misleading statements regarding the Company’s business, operations, and financial condition.
Impact on Individual Investors
If you are an individual investor in Ready Capital Corporation and purchased shares between certain dates, you may be entitled to recover your losses. The lawsuit alleges that the Company and its executives violated the Securities Exchange Act of 1934 by making false and misleading statements and/or failing to disclose material information. These alleged actions artificially inflated the price of Ready’s common stock.
To join the class action, investors should contact Danielle Peyton at [email protected] or call (646) 581-9980 (or toll-free at 888.4-POMLAW, Ext. 7980). Investors should include their mailing address, telephone number, and the number of shares purchased.
Global Implications
The impact of this class action lawsuit extends beyond the United States. Ready Capital Corporation is a publicly-traded real estate investment trust with a diverse portfolio of commercial real estate loans and other financial assets. The Company’s operations span across multiple industries and geographies, making the potential implications significant.
- Market Volatility: The lawsuit’s announcement may lead to increased market volatility as investors reassess the risk associated with investing in Ready Capital Corporation.
- Regulatory Scrutiny: This lawsuit may lead to increased regulatory scrutiny of the real estate investment trust industry, potentially impacting other companies in the sector.
- Legal Precedent: A successful outcome in this lawsuit could set a legal precedent for future securities class action lawsuits.
Conclusion
The filing of this class action lawsuit against Ready Capital Corporation marks a significant development in the Company’s ongoing legal battle. Individual investors who purchased shares during the specified timeframe may be entitled to recover their losses. Meanwhile, the global implications of this lawsuit extend to market volatility, regulatory scrutiny, and potential legal precedent. As the situation unfolds, it is essential for investors to stay informed and seek professional advice.
For further information, contact Danielle Peyton at [email protected] or call (646) 581-9980 (or toll-free at 888.4-POMLAW, Ext. 7980).
