Important Information for Investors of Ready Capital Corporation:
New York, NY – April 1, 2025
Rosen Law Firm, a global investor rights law firm, alerts purchasers of common stock of Ready Capital Corporation (NYSE: RC) between November 7, 2024 and March 2, 2025, both dates inclusive (the “Class Period”), that they may have the opportunity to recover their losses as part of a securities class action. The lawsuit alleges that Ready Capital Corporation and certain of its officers and directors made false and/or misleading statements and/or failed to disclose material information during the Class Period.
Why this Matters:
For investors, participating in a securities class action can be an effective way to recover losses without payment of any out-of-pocket costs or fees. If you purchased Ready Capital securities during the Class Period, you may be entitled to compensation. The lead plaintiff deadline in this action is May 5, 2025.
The Allegations:
The complaint alleges that Ready Capital Corporation and its executives made false and/or misleading statements and/or failed to disclose material information about the company’s business, operations, and financial condition. Specifically, the complaint alleges that the defendants failed to disclose that: (1) the company’s loan portfolio contained significant concentrations of risky loans, (2) the company’s loan underwriting standards were inadequate, and (3) as a result, the company’s financial statements were materially false and misleading at all relevant times.
The Impact:
The impact of this news on individual investors can be significant. If the allegations in the lawsuit are proven true, investors who purchased Ready Capital Corporation securities during the Class Period may be entitled to compensation. It is important for investors to stay informed about the status of this litigation and their potential rights.
The Broader Implications:
Beyond the immediate impact on investors, this news highlights the importance of transparency and accuracy in corporate disclosures. Companies have a responsibility to provide investors with accurate and timely information about their financial condition and business operations. Failure to do so can result in significant consequences, including securities class action lawsuits and damage to the company’s reputation.
Conclusion:
If you purchased common stock of Ready Capital Corporation between November 7, 2024 and March 2, 2025, you may be entitled to compensation as part of a securities class action. The lead plaintiff deadline in this action is May 5, 2025. It is important for investors to stay informed about the status of this litigation and their potential rights. Meanwhile, this news serves as a reminder of the importance of transparency and accuracy in corporate disclosures.
- Rosen Law Firm alerts investors of potential compensation opportunity for Ready Capital Corporation securities purchases during the Class Period
- Lawsuit alleges false and/or misleading statements and/or failure to disclose material information about company’s loan portfolio and underwriting standards
- Individual investors may be entitled to compensation if allegations proven true
- Transparency and accuracy in corporate disclosures is essential
