Important Information for Investors: Securities Class Action Lawsuit Against Ready Capital Corporation
On April 11, 2025, Kahn Swick & Foti, LLC (“KSF”) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., issued a reminder to investors regarding a securities class action lawsuit against Ready Capital Corporation (NYSE: RC).
Background of the Lawsuit
The lawsuit alleges that Ready Capital Corporation and certain of its officers and directors violated federal securities laws by making false and misleading statements and/or failing to disclose material information during the Class Period, which is between November 7, 2024, and March 2, 2025, inclusive.
Impact on Individual Investors
If you purchased the Company’s shares during the Class Period and suffered a loss as a result, you may be able to recover your losses by serving as a lead plaintiff in this class action lawsuit. In order to do so, you must file a motion with the court no later than May 5, 2025. KSF encourages investors to contact them to discuss their potential role in this litigation.
Impact on the World
The outcome of this lawsuit could have significant implications for the financial industry as a whole. If the allegations are proven true, it could lead to increased scrutiny of publicly traded companies and their reporting practices. Furthermore, it could result in increased damages awards for investors in securities class action lawsuits.
Additional Information
According to other online sources, the lawsuit alleges that the Company and its executives made false statements regarding the Company’s financial performance and its ability to originate and service loans. The complaint also alleges that the Company failed to disclose certain information related to its loan origination practices and its exposure to potential risks.
Conclusion
Investors who purchased shares of Ready Capital Corporation during the Class Period and suffered losses as a result are encouraged to contact Kahn Swick & Foti, LLC to discuss their potential role in this securities class action lawsuit. The outcome of this lawsuit could have significant implications for both individual investors and the financial industry as a whole.
- Investors who purchased Ready Capital Corporation shares during the Class Period and suffered losses may be able to recover their damages by serving as a lead plaintiff in this class action lawsuit.
- The lawsuit alleges that the Company and its executives made false statements regarding financial performance and loan origination practices, and failed to disclose certain information.
- The outcome of this lawsuit could have significant implications for both individual investors and the financial industry as a whole.
