Important Information for Investors: Securities Class Action Lawsuit against Ready Capital Corporation
New York, NY and New Orleans, LA – Kahn Swick & Foti, LLC (KSF) and its partner, former Attorney General of Louisiana Charles C. Foti, Jr., remind investors that they have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against Ready Capital Corporation (the “Company”) (NYSE:RC), if they purchased the Company’s shares between November 7, 2024 and March 2, 2025, inclusive (the “Class Period”).
The complaint alleges that throughout the Class Period, the defendants made materially false and misleading statements and failed to disclose material information regarding the Company’s business, operations, and financial condition. Specifically, the defendants are alleged to have misrepresented the Company’s financial results and its ability to maintain profitability, among other things.
Impact on Individual Investors
If you purchased shares of Ready Capital Corporation during the Class Period and have suffered a loss, you may be entitled to recover your investment losses. You may also be able to participate in the class action as a lead plaintiff by filing a motion with the Court before the deadline. KSF encourages investors to contact the Firm as soon as possible to discuss their legal options.
Impact on the World
The securities class action lawsuit against Ready Capital Corporation is significant because it highlights the importance of transparency and accuracy in financial reporting. The lawsuit alleges that the Company and its executives failed to provide investors with accurate information about the Company’s financial condition and business operations, potentially leading to significant losses for shareholders. This type of behavior can erode investor confidence and undermine the integrity of the financial markets.
Conclusion
Investors who purchased shares of Ready Capital Corporation during the Class Period are encouraged to contact KSF to discuss their potential legal rights and options. The securities class action lawsuit against the Company serves as a reminder of the importance of accurate financial reporting and the potential consequences for investors when that reporting is misleading or incomplete. KSF remains committed to protecting investors’ rights and seeking justice on their behalf.
- Investors who purchased shares of Ready Capital Corporation during the Class Period may be entitled to recover their investment losses.
- The deadline to file lead plaintiff applications is May 5, 2025.
- The complaint alleges that the defendants made materially false and misleading statements and failed to disclose material information.
- The lawsuit highlights the importance of transparency and accuracy in financial reporting.
