Important Information for Ready Capital Corporation Investors
Investors who purchased shares of Ready Capital Corporation (NYSE: RC) between November 7, 2024, and March 2, 2025, are encouraged to take note of the following announcement:
Securities Class Action Lawsuit Filed Against Ready Capital Corporation
On April 4, 2025, ClaimsFiler, a free shareholder information service, released a statement reminding investors that they have until May 5, 2025, to file lead plaintiff applications in a securities class action lawsuit against Ready Capital Corporation. The lawsuit is pending in the United States District Court for the Southern District of New York.
Class Period and Eligibility
The class period refers to the time frame during which the alleged securities law violations took place. In this case, it includes all purchases of Ready Capital Corporation shares made between November 7, 2024, and March 2, 2025, inclusive. Eligibility to participate in the lawsuit is not limited to large institutional investors. Individual retail investors may also be able to join the case.
Allegations Against Ready Capital Corporation
The complaint alleges that Ready Capital Corporation and certain of its executives made false and misleading statements regarding the Company’s financial condition and business prospects. Specifically, it is alleged that the defendants failed to disclose material information concerning the Company’s exposure to certain risks and the impact of those risks on the Company’s financial statements.
Potential Impact on Individual Investors
If the allegations in the lawsuit are proven true, individual investors who purchased Ready Capital Corporation shares during the class period may be entitled to compensation. The exact amount would depend on the outcome of the case and the investor’s specific holdings. It is essential for potentially eligible investors to take action before the May 5, 2025, deadline to secure their rights.
Potential Impact on the World
The outcome of this case could have far-reaching implications for the securities industry as a whole. If the allegations are proven true, it would serve as a reminder of the importance of transparency and accurate disclosures in the financial markets. Moreover, it could lead to increased scrutiny of other companies in the same sector, potentially resulting in further lawsuits and regulatory action.
Conclusion
In conclusion, investors who purchased shares of Ready Capital Corporation between November 7, 2024, and March 2, 2025, have until May 5, 2025, to file a lead plaintiff application in a securities class action lawsuit against the Company. The lawsuit alleges that Ready Capital Corporation and certain of its executives made false and misleading statements regarding the Company’s financial condition and business prospects. The potential impact on individual investors and the securities industry as a whole could be significant. It is crucial for potentially eligible investors to take action before the deadline to secure their rights.
- ClaimsFiler reminds investors to file lead plaintiff applications by May 5, 2025.
- The lawsuit is pending in the United States District Court for the Southern District of New York.
- The class period covers purchases made between November 7, 2024, and March 2, 2025.
- The complaint alleges false and misleading statements regarding Ready Capital Corporation’s financial condition and business prospects.
- Individual investors may be entitled to compensation if the allegations are proven true.
- The outcome of the case could have significant implications for the securities industry.
