Attention Investors: Important Deadline Approaching in the Ready Capital Corporation Securities Class Action
Investors who purchased shares of Ready Capital Corporation (“ReadyCap” or the “Company”) (NYSE:RC) between November 7, 2024, and March 2, 2025, inclusive (the “Class Period”), have until May 5, 2025, to file lead plaintiff applications in a securities class action lawsuit against the Company. Kahn Swick & Foti, LLC (“KSF”) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind you of this crucial deadline.
Background
The lawsuit alleges that ReadyCap and certain of its executives made false and misleading statements regarding the Company’s financial condition and business prospects. These statements were made in reports filed with or furnished to the Securities and Exchange Commission (“SEC”) and in other public statements made between November 7, 2024, and March 2, 2025. Investors who purchased ReadyCap shares during the Class Period have suffered significant losses and may recover their damages through the securities class action.
Impact on Individual Investors
If you invested in ReadyCap during the Class Period, you may be eligible to recover your losses through the securities class action. The lead plaintiff will act on behalf of all other class members in the lawsuit. If you wish to serve as lead plaintiff, you must file an application with the court no later than May 5, 2025. You do not need to seek legal counsel to be a lead plaintiff, but you must meet certain eligibility criteria. If you are unsure of your eligibility or wish to discuss your potential recovery, you may contact KSF at 1-877-515-1850 or email [email protected] for a free consultation.
Impact on the World
The securities class action against ReadyCap is an important step in holding corporations and their executives accountable for providing false or misleading information to investors. The lawsuit can serve as a deterrent to other companies considering similar actions, as they may face significant financial consequences if found to have misrepresented their financial condition or business prospects. Additionally, the lawsuit can help restore confidence in the financial markets by ensuring that investors are provided with accurate and truthful information.
Conclusion
If you purchased ReadyCap shares between November 7, 2024, and March 2, 2025, and have suffered losses as a result, you may be eligible to recover your damages through the securities class action. The deadline to file lead plaintiff applications is May 5, 2025. For more information or to discuss your potential recovery, contact KSF at 1-877-515-1850 or email [email protected].
As a responsible investor, it’s essential to stay informed about the companies you invest in and the information they provide to the public. The securities class action against ReadyCap serves as a reminder of the importance of accurate disclosures and the potential consequences of misrepresentations. Let this be a lesson to all investors: Always do your due diligence and don’t let your hard-earned money go to waste!
- Investors who purchased ReadyCap shares between November 7, 2024, and March 2, 2025, have until May 5, 2025, to file lead plaintiff applications in the securities class action against the Company.
- The lawsuit alleges that ReadyCap and certain executives made false and misleading statements regarding the Company’s financial condition and business prospects.
- If you invested in ReadyCap during the Class Period and wish to serve as lead plaintiff, contact KSF at 1-877-515-1850 or email [email protected] for a free consultation.
- The securities class action can help restore confidence in the financial markets by ensuring that investors are provided with accurate and truthful information.
