Class Action Lawsuit Filed Against Ready Capital Corporation: A Detailed Look
New York, NY – March 25, 2025
Levi & Korsinsky, LLP, a leading securities litigation firm, has announced the filing of a class action securities lawsuit against Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC). The lawsuit, which was filed in the United States District Court for the Southern District of New York, seeks to recover losses on behalf of Ready Capital investors who were adversely affected by alleged securities fraud between November 7, 2024 and March 2, 2025.
Class Definition
The class definition includes all persons or entities who purchased or otherwise acquired securities of Ready Capital Corporation between November 7, 2024 and March 2, 2025, inclusive (the “Class Period”).
Allegations
The complaint alleges that throughout the Class Period, Ready Capital made false and misleading statements and failed to disclose material information about the Company’s business, operations, and financial condition. Specifically, the complaint alleges that the Company misrepresented the financial condition of certain of its commercial real estate loans, which resulted in an overstatement of the value of these loans and, consequently, an overstatement of Ready Capital’s net asset value.
Impact on Individual Investors
If you purchased or otherwise acquired Ready Capital securities during the Class Period, you may be entitled to recover your losses. The lawsuit seeks to recover damages on behalf of the Class, which could include monetary compensation for investors’ losses. It is important for investors to contact the Levi & Korsinsky team as soon as possible to determine their eligibility for participation in the class action.
- Contact Levi & Korsinsky, LLP at 212-363-7500 or via email at [email protected]
- Visit the firm’s website at www.levikorsinsky.com for more information
Impact on the World
The filing of this class action lawsuit against Ready Capital Corporation could have a ripple effect on the broader financial markets. If the allegations are proven true, it could lead to increased scrutiny of other real estate investment trusts (REITs) and their reporting practices. This could result in increased regulation and oversight of the REIT industry, which could impact the value of investments in this sector.
Conclusion
The filing of this class action securities lawsuit against Ready Capital Corporation is a significant development for investors in the Company’s securities. If you purchased or otherwise acquired Ready Capital securities during the Class Period, it is important that you contact Levi & Korsinsky, LLP as soon as possible to determine your eligibility for participation in the class action. The outcome of this lawsuit could have far-reaching implications for the broader financial markets, particularly the REIT industry.
Levi & Korsinsky, LLP is committed to ensuring that all investors have the information they need to make informed decisions about their investments. If you have any questions or concerns, please do not hesitate to contact the firm.
