Important Information for Investors of Ready Capital Corporation:
New York, NY – The Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Ready Capital Corporation (NYSE: RC) between November 7, 2024 and March 2, 2025, both dates inclusive (the “Class Period”), of the significant lead plaintiff deadline in the securities class action lawsuit. This deadline is May 5, 2025.
What Happened?
The lawsuit alleges that during the Class Period, Ready Capital Corporation made false and/or misleading statements and/or failed to disclose that:
- The company’s financial statements contained material errors related to the recognition of interest expense and other items;
- The company’s internal control over financial reporting was inadequate;
- As a result, the company’s financial statements were not reliable.
How This Affects You
If you purchased Ready Capital securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action lawsuit to recover damages for investors. If you purchased Ready Capital securities during the Class Period, please visit the firm’s website or contact Phyllis Mann at 212-614-5499 or [email protected] for more information.
How This Affects the World
The securities class action lawsuit against Ready Capital Corporation raises concerns about the reliability of financial reporting and internal controls at publicly traded companies. This case serves as a reminder for investors to carefully monitor the companies they invest in and to seek legal recourse when they believe they have been misled. The outcome of this case could potentially lead to increased scrutiny and regulation of financial reporting and internal controls at public companies.
Conclusion
The Rosen Law Firm encourages investors who purchased Ready Capital Corporation securities during the Class Period to contact the firm before the lead plaintiff deadline to learn more about their rights and potential remedies. The securities class action lawsuit against Ready Capital Corporation highlights the importance of accurate financial reporting and effective internal controls at publicly traded companies. The outcome of this case could potentially have significant implications for investors and the business world as a whole.
Please note that the Rosen Law Firm is not filing this communication nor intending to provide legal advice to anyone. All potential claims are subject to specific legal requirements and eligibility. If you have any questions, please contact Phyllis Mann at 212-614-5499 or [email protected].
