#USA #New York #Class Action #Securities Fraud #Ready Capital

Class Action Opportunity for Ready Capital Investors

If you invested in Ready Capital Corporation (NYSE: RC) and experienced losses, you might be eligible to participate in a class action lawsuit aimed at securing financial recovery. This lawsuit, initiated by Levi & Korsinsky, LLP, addresses claims of alleged securities fraud that occurred between November 7, 2024 and March 2, 2025. Through this legal action, investors have an opportunity to reclaim their lost investments due to misleading statements and concealed financial realities by the company.

Understanding the Allegations

The core of the lawsuit centers around claims that Ready Capital made various false statements regarding its financial standing, particularly related to its commercial real estate (CRE) portfolio. The complaint asserts that substantial non-performing loans were not accurately reflected in the company’s forecasts, leading to an overvaluation of its credit loss expectations and valuation allowances. Such actions resulted in misleading representations about the company's overall health and future prospects, which ultimately affected investors adversely.

Key Allegations Include:

1. False Statements: The company allegedly misrepresented the collectibility of loans within its portfolio, giving investors a false sense of security about their investments.
2. Misleading Financial Reporting: It is claimed that Ready Capital's financial results did not illustrate the true risk and issues facing the company, which were crucial for investor decision-making.
3. Adverse Effects on Investors: Consequently, these deceptive practices have led to significant financial losses for investors who relied on the company's public financial disclosures.

Next Steps for Affected Investors

If you believe you have suffered financial losses due to these alleged frauds, you are encouraged to contact Levi & Korsinsky, LLP. The firm is reaching out to individuals who might qualify as part of the class action, with a deadline for filing as May 5, 2025. It is essential to act quickly as your ability to participate in any future recovery might depend on meeting this deadline.

Get Involved

You can obtain more information about your eligibility and the process involved by following the link provided here. If you have questions or would prefer to speak directly with an attorney, Joseph E. Levi, Esq. can be reached via email or telephone at (212) 363-7500.

No Cost to Participate

One of the key benefits of joining this class action is that participation does not require any upfront payment. Investors may receive compensation without incurring any legal costs out-of-pocket, allowing for wider access to justice for those who may have been wronged. You do not have to serve as the lead plaintiff to benefit from any settlements that may arise from this case.

Why Trust Levi & Korsinsky?

With two decades of experience, Levi & Korsinsky has successfully secured hundreds of millions in recoveries for shareholders through a strong track record in handling complex securities litigation. The firm has established itself as a leading force in shareholder advocacy, remaining ranked among the top securities litigation firms in the United States for seven consecutive years, according to the ISS Securities Class Action Services.

Final Thoughts

As an investor, staying informed and proactive about your rights during turbulent financial situations, such as those faced by Ready Capital investors, is crucial. Engaging with a reputable firm like Levi & Korsinsky could be the first step towards reclaiming lost investments.

For further inquiries, you can contact Levi & Korsinsky’s office directly located in New York at:

• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004
• - Email: [email protected]
• - Phone Number: (212) 363-7500

Keep Yourself Informed

Staying apprised of such ongoing legal matters is essential for investors, particularly when it involves the possibility of recovering losses tied to corporate misconduct.