#United States #New York #Levi & Korsinsky #Securities Fraud #Ready Capital

Class Action Lawsuit Against Ready Capital Corporation

In a recent development, investors in Ready Capital Corporation, often referred to as "Ready Capital," are being alerted about a class action lawsuit stemming from purported violations of securities laws. This legal action has been brought to light by the law firm Levi & Korsinsky, LLP, which specializes in representing investors in various securities litigation matters.

Investment Concerns

The class action lawsuit specifically targets investors that experienced financial losses attributed to alleged fraud occurring between August 8, 2024, and March 2, 2025. The firm is taking steps to seek compensation for those affected by these alleged securities fraud activities. Claimants can expect assistance in navigating this complex legal landscape, especially if they opted to invest during the aforementioned timeframe.

Communication from Levi & Korsinsky

Joseph E. Levi, a partner at the firm, is leading the charge for affected shareholders, urging them to reach out for further information. Interested parties can provide their details via a contact form available through Levi & Korsinsky's website, where they can detail their experience and the financial impact that the alleged misconduct had on their investments.

Allegations Made

The lawsuit presents serious allegations against Ready Capital that could have far-reaching implications for the company and its investors. The filed complaint asserts that the defendants made several materially misleading statements regarding the company’s financial health. Specifically, it states that:

1. A significant number of non-performing loans within the commercial real estate (CRE) portfolio were unlikely to be collectible.
2. The company did not accurately reserve for these troubled loans, which were purportedly aimed at stabilizing its CRE portfolio.
3. These misrepresentations adversely impacted the company's financial results, leading to a misleading portrayal of business performance and future prospects.

Due to these alleged inaccuracies, the statements made by defendants reflect a lack of a reasonable basis, raising concerns about transparency and ethical practices within Ready Capital's operations.

Next Steps for Affected Investors

If you are someone who has suffered financial losses in Ready Capital during the specified period, you still have time to act. Investors have until May 5, 2025, to apply for lead plaintiff status, giving them a potential role in overseeing the litigation process. Importantly, participation in this lawsuit comes at no cost; affected shareholders can pursue compensation without any financial obligation upfront.

Why Choose Levi & Korsinsky?

Levi & Korsinsky brings over two decades of experience to the table, with a proven track record of securing substantial settlements for aggrieved shareholders. The firm has routinely ranked among the top securities litigation firms in the U.S., according to the ISS Securities Class Action Services. With a robust team of over 70 professionals dedicated to serving clients, Levi & Korsinsky is equipped to navigate the complexities of securities litigation effectively.

Final Thoughts

In light of the allegations and the ongoing legal proceedings, individuals who invested in Ready Capital Corporation during the specified timeline are encouraged to assess their options. Engaging with experts like Levi & Korsinsky can illuminate possible paths for recovering losses due to alleged securities law violations. For more information or to reach out for assistance, interested investors can contact the law firm directly to explore their legal avenues.

In conclusion, the unfolding events surrounding Ready Capital Corporation serve as a critical reminder of the potential risks in investment and the importance of ethical transparency from financial institutions. Stay informed and proactive to protect your investments effectively.