Important Information for Investors: Securities Class Action Lawsuit Against Ready Capital Corporation
New York, NY and New Orleans, LA – March 28, 2025
Kahn Swick & Foti, LLC (KSF) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against Ready Capital Corporation (the “Company”) (NYSE: RC).
The lawsuit alleges that the Company and certain of its executives made false and misleading statements and failed to disclose material information during the Class Period, which is between November 7, 2024 and March 2, 2025, inclusive.
What is a Securities Class Action Lawsuit?
A securities class action lawsuit is a type of legal action brought on behalf of a large group of investors who have suffered financial losses due to alleged securities fraud. In this case, KSF and Mr. Foti are seeking to represent a class of investors who purchased Ready Capital Corporation’s shares during the Class Period.
Why is this Important for Investors?
If the lawsuit is successful, investors may be entitled to compensation for their financial losses. The lead plaintiff, or the investor who first files the lawsuit, plays a crucial role in the litigation process. They will work with the law firm to represent the interests of the class and help guide the case towards a favorable outcome.
What Allegations are Being Made Against Ready Capital Corporation?
The lawsuit alleges that the Company and certain executives made false and misleading statements regarding the Company’s financial condition, business prospects, and compliance with regulatory requirements. Specifically, the complaint alleges that the Company failed to disclose material information about its exposure to certain risks, including credit risk and liquidity risk.
How Will This Affect Individual Investors?
If you purchased Ready Capital Corporation’s shares during the Class Period, you may be able to recover your losses by joining the securities class action lawsuit as a class member. The lead plaintiff will work with the law firm to represent the interests of the class and help ensure that investors receive fair compensation for their losses.
How Will This Affect the World?
The outcome of this securities class action lawsuit could have broader implications for the financial industry and the investing public. If the allegations are proven true, it could send a strong message to companies and their executives about the importance of transparency and full disclosure. It could also help to deter securities fraud and protect investors from financial harm.
Conclusion
If you purchased Ready Capital Corporation’s shares between November 7, 2024 and March 2, 2025, inclusive, and believe that you may have suffered financial losses as a result of alleged securities fraud, you may be entitled to compensation. KSF and Mr. Foti are here to help. Contact KSF today to learn more about your rights and how you can help protect your investments.
- Contact KSF today to learn more about your rights and how you can help protect your investments
- If you purchased Ready Capital Corporation’s shares between November 7, 2024 and March 2, 2025, inclusive, and believe that you may have suffered financial losses as a result of alleged securities fraud, you may be entitled to compensation
- The outcome of this securities class action lawsuit could have broader implications for the financial industry and the investing public
