Important Information for Investors: Securities Class Action Lawsuit against Ready Capital Corporation
April 15, 2025 – Kahn Swick & Foti, LLC (KSF) and its partner, former Attorney General of Louisiana, Charles C. Foti, Jr., wish to inform 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).
The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that the Company and certain of its executives made false and misleading statements and failed to disclose material information during the Class Period, which is between November 7, 2024 and March 2, 2025. Specifically, the complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that the Company’s financial statements were materially false and misleading, and that the Company’s business was not as strong as represented.
Impact on Individual Investors
If you purchased the Company’s shares during the Class Period, you may be able to recover your losses by serving as a lead plaintiff in this class action lawsuit. Lead plaintiffs are usually the largest instant investors with the greatest financial interest and standing to bring a lawsuit on behalf of the class. As a lead plaintiff, you would be entitled to certain benefits under the Securities Act of 1934, including a court order granting you and other class members sharing in the recovery the right to be heard on significant decisions in the lawsuit.
Impact on the World
Securities class action lawsuits play a crucial role in maintaining the integrity of the financial markets and protecting investors. By allowing investors to recover their losses, these lawsuits help to deter corporations from making false or misleading statements and provide a remedy for investors who have been harmed. In this particular case, the lawsuit against Ready Capital Corporation highlights the importance of transparency and accuracy in financial reporting.
Conclusion
Investors who purchased shares of Ready Capital Corporation during the Class Period and believe they have been harmed by the Company’s false and misleading statements may have legal recourse. KSF encourages investors to contact the firm as soon as possible to discuss their potential role in this class action lawsuit and their potential recovery. For more information, please contact KSF’s securities group by emailing [email protected] or calling 1-877-515-1850.
- Kahn Swick & Foti, LLC and former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors of the May 5, 2025 deadline to file lead plaintiff applications in a securities class action lawsuit against Ready Capital Corporation.
- The lawsuit alleges that the Company and certain executives made false and misleading statements and failed to disclose material information during the Class Period.
- Individual investors who purchased shares during the Class Period may be able to recover their losses by serving as a lead plaintiff in the lawsuit.
- Securities class action lawsuits help to maintain the integrity of financial markets and protect investors.
