Class Action Lawsuit Filed Against Ready Capital Corporation: What Does This Mean for Investors and the World?
On April 15, 2025, Pomerantz LLP, a leading securities law firm, announced the filing of a class action lawsuit against Ready Capital Corporation (“Ready” or the “Company”) (NYSE:RC). The complaint alleges that Ready and certain of its executives and directors made false and misleading statements and failed to disclose material information to investors.
The Allegations
According to the complaint, Ready and its executives made false and misleading statements regarding the Company’s financial results and business prospects. Specifically, the complaint alleges that Ready failed to disclose: (1) that the Company’s loan origination volume was declining, (2) that the Company was experiencing increased loan defaults and delinquencies, and (3) that the Company’s revenue growth was decelerating.
The Impact on Investors
The filing of this class action lawsuit could have significant implications for Ready’s investors. If the allegations in the complaint are proven true, investors may be entitled to damages. The lawsuit could also lead to increased scrutiny of the Company’s financial reporting and business practices.
The Impact on the World
The impact of this class action lawsuit on the world at large may not be immediately apparent. However, if the allegations in the complaint are proven true, it could raise concerns about the accuracy of financial reporting and business practices in the financial services industry. It could also lead to increased regulatory scrutiny and potential reforms.
What Should Investors Do?
If you are a Ready investor and believe that you may have lost money as a result of the alleged false and misleading statements, you may want to consider contacting Pomerantz LLP to discuss your legal options. In the meantime, it is important for investors to stay informed about the Company’s financial reporting and business developments.
Conclusion
The filing of a class action lawsuit against Ready Capital Corporation is a serious matter that could have significant implications for the Company’s investors and the financial services industry as a whole. If the allegations in the complaint are proven true, investors may be entitled to damages and the Company could face increased regulatory scrutiny. It is important for investors to stay informed about the developments in this case and to consider their legal options.
- Pomerantz LLP files class action lawsuit against Ready Capital Corporation
- Allegations of false and misleading statements and failure to disclose material information
- Potential implications for investors and the financial services industry
- Investors encouraged to stay informed and consider their legal options
