Important Information for Investors: Rosen Law Firm Reminds Purchasers of Ready Capital Corporation (RC) Common Stock of Upcoming Deadline
NEW YORK, March 26, 2025 – Rosen Law Firm, a global investor rights law firm, reminds purchasers of the common stock of Ready Capital Corporation (NYSE: RC) between November 7, 2024, and March 2, 2025, both dates inclusive (the “Class Period”), of the important May 5, 2025 lead plaintiff deadline.
Background
Ready Capital Corporation is a specialty finance company that originates, acquires, and manages a portfolio of loans and leases to small and medium-sized businesses (SMBs) and individuals.
Class Action Allegations
The complaint alleges that during the Class Period, Ready Capital made materially false and misleading statements and failed to disclose material information regarding:
- The Company’s loan underwriting standards and risk management practices;
- The Company’s exposure to credit losses;
- The Company’s ability to maintain its dividend;
As a result, purchasers of Ready Capital common stock during the Class Period have suffered significant losses.
Lead Plaintiff Deadline
If you wish to serve as the lead plaintiff, you must move the Court no later than May 5, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
What This Means for Individual Investors
If you purchased Ready Capital common stock during the Class Period, you may be eligible to participate in the class action. The lead plaintiff will make important decisions regarding the litigation, including whether to accept a settlement, and the amount of the settlement, if one is reached. You do not have to serve as the lead plaintiff to participate in the class action.
Impact on the World
The outcome of this class action could have significant implications for the business community and investors, particularly in the areas of loan underwriting, risk management, and transparency. It may also serve as a reminder to companies to maintain accurate financial reporting and disclosure practices.
Conclusion
If you purchased Ready Capital common stock during the Class Period and believe that the Company misrepresented the risks associated with its loan portfolio and dividend, you may be entitled to compensation. Contact Rosen Law Firm for more information about the class action and the lead plaintiff deadline.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
For more information, please contact:
Laurence Rosen, Esq.
Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Phone: (212) 686-1060
Fax: (212) 202-3827
Email: lrosen@rosenlegal.com
For cases in all other jurisdictions, please contact:
Kathleen Dumas, Esq.
Rosen Law Firm, P.A.
2025 East Fort Union Blvd., Suite 111
Cottonwood Heights, UT 84047
Phone: (801) 678-5274
Fax: (801) 200-0111
Email: kdumas@rosenlegal.com
Or visit the firm’s website at www.rosenlegal.com for more information.
