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

Investors Impacted by Ready Capital Corporation: Seek Legal Recourse

In the competitive and ever-evolving landscape of the financial sector, investors often find themselves exposed to the volatility of the market. Recently, Ready Capital Corporation (NYSE: RC) has come under scrutiny following allegations of securities fraud that have prompted a class action lawsuit. If you are among those who suffered financial losses due to your investments in Ready Capital, this article will provide vital information on how you can seek compensation and assert your rights as a shareholder.

Understanding the Allegations

The lawsuit, filed by Levi & Korsinsky, LLP, aims to represent the interests of investors who experienced losses as a result of misleading practices purportedly carried out by Ready Capital. It specifically addresses incidents between August 8, 2024, and March 2, 2025, during which significant issues were said to arise. The crux of the allegations include:
1. Non-Performing Loans: The complaint asserts that Ready Capital had significant non-performing loans within its Commercial Real Estate (CRE) portfolio that were unlikely to be collectible.
2. Inaccurate Financial Reporting: The firm allegedly failed to reserve adequately for these problematic loans, misleading investors about the actual financial health of the company.
3. Materially Misleading Statements: Positive declarations regarding the company's operations and prospects may have been materially misleading or lacked a reasonable basis, leading to inflated expectations among investors.

Legal Actions and Your Rights

If you experienced a financial setback from Ready Capital's alleged misstatements, it's crucial to act promptly. You have until May 5, 2025, to apply to the Court for the role of lead plaintiff. However, being a lead plaintiff is not a prerequisite for participating in any potential recovery. Essentially, if you are a member of the class, you might be eligible for compensation without incurring out-of-pocket costs or fees associated with legal representation.

Levi & Korsinsky brings extensive experience in handling complex securities litigation. With over two decades dedicated to protecting shareholder interests and a solid reputation for winning substantial settlements, their team is well-equipped to take on cases of this nature. If you are considering joining the lawsuit or looking for more detailed information, you can reach out to Joseph E. Levi, Esq. at (212) 363-7500 or through their dedicated email channel.

Why Choose Levi & Korsinsky?

In a landscape full of legal firms, why opt for Levi & Korsinsky? Their proven track record speaks volumes. The firm has consistently ranked among the top litigation firms in the United States specializing in securities class action cases. They boast a dedicated team of over 70 professionals whose mission is to secure justice and compensation for affected investors. Their history of recovering hundreds of millions of dollars for shareholders positions them as a formidable ally in this pursuit.

CTAs and Conclusion

The window for your action is limited, so it’s essential to evaluate your position promptly. If you are a Ready Capital investor who has witnessed losses due to the alleged fraudulent activities, consider reaching out to Levi & Korsinsky for a free consultation and to explore your options. Visit their website for more information or submit your claim through the provided link to ensure your voice is heard in this significant class action lawsuit. Act now to safeguard your interests and pursue the justice you deserve.

For further inquiries, contact:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Tel: (212) 363-7500