Class Action Lawsuit Filed Against Ready Capital Corporation: What Does It Mean for Investors and the World?
New York, NY – In a significant development for the financial world, Pomerantz LLP, a renowned securities law firm, announced on March 27, 2025, 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 top executives violated the Securities Exchange Act of 1934.
The Allegations
The complaint, filed in the United States District Court for the Southern District of New York, alleges that Ready and its executives made 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 related to the Company’s loan portfolio quality and the impact of interest rate fluctuations on the Company’s business.
Impact on Investors
The filing of this class action lawsuit could have significant implications for Ready’s investors. The lawsuit alleges that investors suffered damages as a result of the defendants’ misrepresentations, and that those investors are entitled to recover their losses. The lawsuit seeks damages on behalf of all persons or entities who purchased or otherwise acquired Ready securities between January 1, 2022, and March 25, 2025.
Impact on the World
Beyond the immediate impact on Ready’s investors, the filing of this lawsuit could have broader implications for the financial industry as a whole. The allegations of misrepresentation and failure to disclose material information are common in securities fraud cases, but the size and scope of Ready Capital make this case particularly noteworthy. The outcome of this lawsuit could set a precedent for how similar cases are handled in the future.
What’s Next?
The litigation process is lengthy and complex, and it is important to note that the allegations contained in the complaint are just that – allegations. The defendants will have an opportunity to respond to the allegations and present their side of the story. The case is expected to move through the discovery phase, during which both sides exchange information and evidence, before proceeding to trial.
- Investors who purchased Ready securities between January 1, 2022, and March 25, 2025, and believe they may have suffered damages as a result of the defendants’ misrepresentations are encouraged to contact Pomerantz LLP.
- The outcome of this case could have significant implications for the financial industry, particularly with regard to disclosure requirements and investor protections.
Conclusion
The filing of this class action lawsuit against Ready Capital Corporation represents a significant development in the financial world. The allegations of misrepresentation and failure to disclose material information are serious, and the outcome of this case could have far-reaching implications for both Ready’s investors and the financial industry as a whole. As the litigation process moves forward, it is important for investors to stay informed and seek the advice of qualified securities law firms.
For more information, contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext.
