Ready Capital Corporation Faces Class Action for Securities Violations - Investors Urged to Act Before May 5, 2025
Legal Action Against Ready Capital Corporation
Recently, Levi & Korsinsky, LLP has reached out to investors of Ready Capital Corporation to inform them about a class action lawsuit regarding alleged securities law violations. The suit has significant implications for shareholders who may have suffered financially due to the company's activities from November 7, 2024, to March 2, 2025.
Understanding the Lawsuit
The focal point of the lawsuit rests on claims that Ready Capital made misleading statements relating to the state of its business and the performance of its loans. According to the filed complaint, the issues stem from a series of non-performing loans within its commercial real estate (CRE) portfolio. Investors claim that the company did not accurately disclose the collectibility of these loans and had not adequately adjusted its financial forecasts in light of these problems.
The legal allegations include the following claims:
1. Ready Capital allegedly concealed crucial information about non-performing loans that were unlikely to yield returns.
2. The firm purportedly made decisions to
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