Class Action Lawsuit Filed Against Ready Capital Corporation: What Does This Mean for Investors and the World?
New York, NY – April 1, 2025
Levi & Korsinsky, LLP, a leading securities litigation firm, has announced the filing of a class action lawsuit against Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC) on behalf of investors who purchased the Company’s securities between November 7, 2024, and March 2, 2025. The lawsuit alleges securities fraud and seeks to recover losses for affected investors.
Class Definition
The class definition includes all persons or entities who purchased or otherwise acquired Ready Capital securities during the relevant period. Investors may be eligible to become lead plaintiff if they meet certain requirements, including holding a significant number of shares.
Allegations of Securities Fraud
The complaint alleges that Ready Capital and certain of its executives made false and misleading statements regarding the Company’s financial condition and business prospects. Specifically, the lawsuit alleges that the defendants failed to disclose material information about the Company’s loan portfolio quality and underwriting standards, leading investors to believe that the Company was in a stronger financial position than it actually was.
Impact on Investors
The filing of this class action lawsuit may have significant implications for Ready Capital investors. If the allegations in the complaint are proven true, investors may be entitled to recover their losses. The outcome of the lawsuit could also impact the Company’s stock price and future investor confidence.
Worldwide Implications
The securities fraud allegations against Ready Capital could have broader implications for the financial industry as a whole. If the allegations are proven true, it could lead to increased scrutiny of other real estate investment trusts (REITs) and their reporting practices. Additionally, it may lead to increased regulation of the REIT industry to prevent similar incidents from occurring in the future.
Conclusion
The filing of this class action lawsuit against Ready Capital Corporation marks an important development for investors in the Company’s securities. The allegations of securities fraud could have significant implications for affected investors and the financial industry as a whole. As the lawsuit progresses, investors and the public will be closely watching for updates and developments.
- Levi & Korsinsky, LLP files class action lawsuit against Ready Capital Corporation
- Allegations of securities fraud between November 7, 2024, and March 2, 2025
- Class definition includes all persons or entities who purchased Ready Capital securities during the relevant period
- Impact on investors: potential recovery of losses and impact on stock price and investor confidence
- Worldwide implications: increased scrutiny of REITs and potential industry regulation
