Important Information for Investors: Rosen Law Firm Reminds Purchasers of Ready Capital Corporation (RC) of the Lead Plaintiff Deadline
New York, NY – April 2, 2025
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 important May 5, 2025 lead plaintiff deadline. The lawsuit seeks to recover damages for Ready Capital investors under the Securities Exchange Act of 1934.
Background
Ready Capital Corporation is a real estate investment trust that invests in and finances commercial properties. The Company’s investment strategy focuses on providing customized financing solutions to small and medium-sized businesses.
Allegations
The complaint alleges that during the Class Period, the defendants made false and misleading statements and failed to disclose material information about Ready Capital’s business and financial condition. Specifically, the defendants allegedly failed to disclose that the Company’s loan portfolio contained a significant number of distressed and underperforming loans.
Impact on Investors
As a result of the defendants’ alleged misrepresentations, Ready Capital’s common stock traded at artificially inflated prices during the Class Period. When the truth was revealed, the price of the Company’s common stock declined significantly, causing investors harm.
Lead Plaintiff Deadline
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 lead plaintiff deadline is May 5, 2025. If you wish to serve as lead plaintiff, you must move the Court no later than May 5, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Impact on the World
The impact of this securities class action lawsuit extends beyond the investors directly affected. It serves to hold corporations accountable for their actions and to ensure that investors are provided with accurate and complete information. This transparency promotes confidence in the financial markets and encourages economic growth.
Conclusion
Investors who purchased Ready Capital Corporation common stock between November 7, 2024 and March 2, 2025, have until May 5, 2025, to move the Court to serve as lead plaintiff in this securities class action lawsuit. If you believe that you have suffered a loss as a result of the defendants’ alleged misrepresentations, you may be entitled to compensation. Contact Rosen Law Firm to discuss your potential recovery.
- Rosen Law Firm reminds purchasers of Ready Capital Corporation (NYSE:RC) common stock between November 7, 2024 and March 2, 2025, of the May 5, 2025 lead plaintiff deadline.
- The lawsuit seeks to recover damages for investors under the Securities Exchange Act of 1934.
- The complaint alleges that the defendants made false and misleading statements and failed to disclose material information about Ready Capital’s loan portfolio.
- The impact of this securities class action lawsuit extends beyond the investors directly affected and serves to promote transparency and confidence in the financial markets.
