The Schall Law Firm Announces Class Action Lawsuit Against Ready Capital Corporation
Los Angeles, CA – April 2, 2025
The Schall Law Firm, a renowned national shareholder rights litigation firm, alerts the general public about the filing of a class action lawsuit against Ready Capital Corporation (“Ready Capital” or “the Company”) (NYSE: RC). This lawsuit was filed in the United States District Court for the Southern District of New York and alleges violations of ยงยง10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Class Period and Eligibility
Investors who purchased the Company’s securities between November 7, 2024 and March 2, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before May 5, 2025.
Allegations of the Class Action Lawsuit
The complaint alleges that Ready Capital made false and misleading statements and failed to disclose material information during the Class Period. Specifically, the Company allegedly misrepresented its financial condition and the risk factors associated with its business.
Effects on Individual Investors
The filing of this class action lawsuit may negatively impact the market price of Ready Capital’s securities. The lawsuit alleges that the Company’s misrepresentations and omissions artificially inflated the market price of its securities during the Class Period. As a result, investors who purchased Ready Capital’s securities during this period may have suffered significant financial losses.
Effects on the World
The impact of this class action lawsuit on the world may extend beyond the financial markets. The lawsuit raises important questions about corporate governance, transparency, and the role of shareholder rights in holding publicly traded companies accountable for their actions. It also highlights the importance of accurate financial reporting and disclosure, which are essential for maintaining the integrity of financial markets and protecting investors.
- The lawsuit raises important questions about corporate governance
- It highlights the importance of accurate financial reporting and disclosure
- The lawsuit may lead to increased scrutiny of publicly traded companies
Conclusion
The Schall Law Firm’s announcement of a class action lawsuit against Ready Capital Corporation is a significant development that may have far-reaching consequences. While the immediate impact on the financial markets may be negative for Ready Capital’s shareholders, the long-term implications for corporate governance, transparency, and investor protection are potentially positive. As the legal proceedings unfold, it will be important for investors to stay informed and seek professional advice to protect their interests.
If you are a Ready Capital investor and believe you may be a member of the proposed class, or if you have any questions regarding this notice or your rights, please contact The Schall Law Firm
The Schall Law Firm
2049 Century Park East, Suite 2460
Los Angeles, CA 90067
Phone: 310-301-3335
Fax: 310-575-2525
www.schallfirm.com
