Class Action Lawsuit Filed Against Ready Capital Corporation: Impact on Investors and the World
New York, NY – In a significant development, Pomerantz LLP, a leading securities law firm, announced on April 4, 2025, the filing of a class action lawsuit against Ready Capital Corporation (“Ready” or the “Company”) (NYSE:RC). The lawsuit alleges that Ready Capital and certain of its executives and directors made false and misleading statements regarding the Company’s financial condition and business prospects.
Impact on Individual Investors
The complaint, filed in the United States District Court for the Southern District of New York, alleges that Ready Capital misrepresented its financial condition and business prospects, leading investors to purchase shares at artificially inflated prices. The lawsuit seeks to recover damages for investors who purchased Ready Capital securities between January 1, 2023, and March 31, 2025.
Class Action Lawsuit Details
The complaint alleges that Ready Capital made false and misleading statements and failed to disclose material adverse facts about its business, operations, and financial condition. Specifically, the complaint alleges that the Company misrepresented its loan portfolio quality, its ability to originate new loans, and its financial condition.
Impact on the Global Financial Market
The class action lawsuit against Ready Capital could have far-reaching implications for the global financial market. If the allegations are proven true, it could lead to increased scrutiny of other real estate investment trusts (REITs) and financial institutions with similar business models. Moreover, it could lead to increased volatility in the REIT sector and potentially impact investor confidence in the industry as a whole.
Possible Consequences for Ready Capital
If the lawsuit is successful, Ready Capital could face significant financial consequences, including damages and potential fines. The Company’s reputation could also be negatively impacted, potentially leading to a decrease in investor interest and increased borrowing costs.
What This Means for Individual Investors
If you are an individual investor in Ready Capital Corporation and purchased shares between January 1, 2023, and March 31, 2025, you may be eligible to join the class action lawsuit. It is important to consult with a securities attorney to discuss your legal rights and options.
Conclusion
The filing of a class action lawsuit against Ready Capital Corporation is a significant development that could have far-reaching implications for individual investors and the global financial market. If the allegations are proven true, it could lead to increased scrutiny of other REITs and financial institutions with similar business models, increased volatility in the REIT sector, and potentially impact investor confidence in the industry as a whole. It is important for individual investors to consult with a securities attorney to discuss their legal rights and options if they purchased Ready Capital shares between January 1, 2023, and March 31, 2025.
- Pomerantz LLP files class action lawsuit against Ready Capital Corporation
- Allegations of false and misleading statements regarding financial condition and business prospects
- Impact on individual investors: potential damages and fines, decreased investor interest, increased borrowing costs
- Impact on global financial market: increased scrutiny of REITs and financial institutions, increased volatility in the REIT sector, decreased investor confidence
- Individual investors: consult with a securities attorney to discuss legal rights and options
