Class Action Lawsuit Opportunity for Broadmark Realty Capital Investors Announced by Bronstein, Gewirtz & Grossman LLC
On June 8, 2025, Bronstein, Gewirtz & Grossman, LLC, a well-established law firm, announced a significant opportunity for investors in Broadmark Realty Capital Inc. (NYSE: BRMK) to join a class action lawsuit due to considerable financial losses resulting from alleged misrepresentations made by the company during its recent merger with Ready Capital Corporation.
The lawsuit revolves around accusations that investors were misled by false statements in the proxy statement related to the merger, which occurred on May 30, 2023. Specifically, the claims assert that Broadmark's proxy statement failed to disclose key financial troubles concerning Ready Capital's borrower portfolio. Many borrowers were reportedly grappling with increased costs due to high interest rates, which subsequently hindered their ability to meet financial obligations. Additionally, the lawsuit highlights an oversupply in multifamily properties within Ready Capital's operating markets, further complicating the financial landscape for these borrowers.
A notable project associated with Ready Capital—specifically a Ritz-Carlton in Portland, Oregon—has faced severe setbacks post-acquisition. These issues include cost overruns, delays in construction, and funding shortages, which collectively raised serious concerns about the integrity of Ready Capital's financial health and the accuracy of its projected earnings.
With these revelations, the class action seeks damages for all individuals and entities who were holders of Broadmark common stock as of the merger date and suffered losses. Investors interested in participating in this suit are encouraged to act promptly as the deadline for seeking lead plaintiff status is July 28, 2025. To join the litigation or to seek additional information, interested parties can visit Bronstein, Gewirtz & Grossman’s website at bgandg.com/BRMK or contact the firm directly.
Bronstein, Gewirtz & Grossman, LLC assures investors that there will be no upfront financial burden associated with the legal proceedings, as they operate on a contingency fee basis. This means that legal fees will only be requested if the firm is successful in securing a recovery for the investors.
The firm has established a reputation for its commitment to investor rights, previously recovering hundreds of millions for clients nationwide through legal actions concerning securities fraud and investor justice. Staying informed about ongoing developments is crucial for current and potential investors, and further updates can be found by following the firm on social media platforms.
This situation underscores the importance of conducting thorough due diligence in the investment process, especially during corporate changes such as mergers. Investors are encouraged to remain proactive and informed of their legal rights and available options in the wake of significant stock market fluctuations and the potential for corporate misconduct. By joining the class action, investors can collectively seek justice and potentially recover their losses amidst the uncertainty surrounding Broadmark Realty Capital's recent financial dealings.
The lawsuit revolves around accusations that investors were misled by false statements in the proxy statement related to the merger, which occurred on May 30, 2023. Specifically, the claims assert that Broadmark's proxy statement failed to disclose key financial troubles concerning Ready Capital's borrower portfolio. Many borrowers were reportedly grappling with increased costs due to high interest rates, which subsequently hindered their ability to meet financial obligations. Additionally, the lawsuit highlights an oversupply in multifamily properties within Ready Capital's operating markets, further complicating the financial landscape for these borrowers.
A notable project associated with Ready Capital—specifically a Ritz-Carlton in Portland, Oregon—has faced severe setbacks post-acquisition. These issues include cost overruns, delays in construction, and funding shortages, which collectively raised serious concerns about the integrity of Ready Capital's financial health and the accuracy of its projected earnings.
With these revelations, the class action seeks damages for all individuals and entities who were holders of Broadmark common stock as of the merger date and suffered losses. Investors interested in participating in this suit are encouraged to act promptly as the deadline for seeking lead plaintiff status is July 28, 2025. To join the litigation or to seek additional information, interested parties can visit Bronstein, Gewirtz & Grossman’s website at bgandg.com/BRMK or contact the firm directly.
Bronstein, Gewirtz & Grossman, LLC assures investors that there will be no upfront financial burden associated with the legal proceedings, as they operate on a contingency fee basis. This means that legal fees will only be requested if the firm is successful in securing a recovery for the investors.
The firm has established a reputation for its commitment to investor rights, previously recovering hundreds of millions for clients nationwide through legal actions concerning securities fraud and investor justice. Staying informed about ongoing developments is crucial for current and potential investors, and further updates can be found by following the firm on social media platforms.
This situation underscores the importance of conducting thorough due diligence in the investment process, especially during corporate changes such as mergers. Investors are encouraged to remain proactive and informed of their legal rights and available options in the wake of significant stock market fluctuations and the potential for corporate misconduct. By joining the class action, investors can collectively seek justice and potentially recover their losses amidst the uncertainty surrounding Broadmark Realty Capital's recent financial dealings.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.