Important Information for Investors: Securities Class Action Lawsuit against Ready Capital Corporation
Kahn Swick & Foti, LLC (KSF) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., are urging investors who purchased shares of Ready Capital Corporation (the “Company”) between November 7, 2024 and March 2, 2025, inclusive (the “Class Period”), to take notice. Investors have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against the Company.
Background
Ready Capital Corporation is a real estate investment trust that focuses on providing financing for small balance commercial properties. In February 2025, the Company disclosed that it was under investigation by the Securities and Exchange Commission (SEC) regarding its accounting practices and internal controls. Following this disclosure, the Company’s stock price declined significantly.
The Lawsuit
The securities class action lawsuit alleges that the Company and certain of its executives made false and misleading statements during the Class Period about the Company’s financial condition and accounting practices. Specifically, the complaint alleges that the Company failed to disclose material information regarding its accounting practices, internal controls, and financial results.
Impact on Individual Investors
If you purchased shares of Ready Capital Corporation during the Class Period and suffered losses as a result, you may be able to recover your losses through the securities class action lawsuit. As a lead plaintiff, you may be entitled to significant benefits, including potential monetary recoveries and increased transparency into the Company’s business practices.
- To be eligible to serve as a lead plaintiff, you must meet certain requirements, including holding a significant number of shares during the Class Period and being willing to actively participate in the litigation.
- To learn more about the lead plaintiff application process or to discuss your potential recovery, you can contact KSF at 1-877-515-1850 or via email at [email protected].
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 also serves as a reminder to investors to carefully research companies before making investment decisions and to be aware of the risks associated with investing in real estate investment trusts.
Conclusion
If you purchased shares of Ready Capital Corporation between November 7, 2024 and March 2, 2025, and suffered losses as a result, you may be able to recover your losses through the securities class action lawsuit. It is important to act quickly, as 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 via email at [email protected].
