#United States #New York #Securities Fraud #Rosen Law Firm #Ready Capital

RC Investors Have Opportunity to Lead Ready Capital Corporation Securities Fraud Lawsuit

The Rosen Law Firm, a prominent firm dedicated to protecting investor rights, has announced that a shareholder has initiated a class action lawsuit against Ready Capital Corporation (trading under NYSE: RC). This case is particularly significant for individuals who purchased the company's common stock during the designated Class Period, which spans from November 7, 2024, through March 2, 2025. Investors affected by this situation should take note of the impending deadlines and their options for participation.

Background of the Case

The class action has been triggered by allegations that during the specified Class Period, Ready Capital Corporation and its representatives provided misleading information regarding their financial health. Key issues identified include purportedly significant non-performing loans within the company's commercial real estate (CRE) portfolio, which were allegedly not likely to be collectible. The lawsuit claims that this crucial information was not disclosed, misleading investors about the company's financial stability.

Such deceptive practices hinder investors' ability to make informed decisions based on accurate information concerning Ready Capital's business prospects. Moreover, assertions made by Ready Capital regarding its operational success and financial stability have been called into question. Investors may find themselves eligible for financial compensation as a result of the class action, with no upfront costs, thanks to a contingency fee agreement.

Steps for Interested Investors

If you are an investor who acquired Ready Capital's securities during the specified time frame, you may be entitled to compensation. Those interested in participating in this class action should move quickly, as the deadline to apply to become a lead plaintiff is set for May 5, 2025. The lead plaintiff acts on behalf of all members in directing the litigation.

To join the Ready Capital class action lawsuit, potential plaintiffs can visit the Rosen Law Firm’s dedicated webpage or contact attorney Phillip Kim directly via email or phone. The firm emphasizes the importance of ensuring that investors select qualified and experienced legal counsel to navigate these complex proceedings effectively.

Why Choose Rosen Law Firm

With a proven track record of successfully leading securities class action litigation, Rosen Law Firm stands out as a reliable partner for investors seeking compensation. They have consistently achieved substantial settlements on behalf of their clients, including ranking first in securities class action settlements in the past years. The firm’s dedication to investor rights and transparency positions it as a trusted advocate for those affected by alleged corporate misconduct.

Details of the Allegations

The litigation highlights several pivotal issues:
1. The existence of non-performing loans in the CRE portfolio that Ready Capital did not disclose could adversely affect financial results.
2. An assertion that the company would properly reserve these problematic loans to 'stabilize' their portfolio was made, but critics argue it did not accurately reflect the concerns at hand.
3. Consequently, the company's overall financial reporting and forecasts were materially misleading, leaving investors in a precarious position.

Next Steps for Investors

Potential class members are encouraged to remain proactive in understanding their rights and filing their claims. They can opt to join the class action or choose a different legal path depending on their preferences. Those who may want to step up and be involved as lead plaintiffs should proceed promptly to meet filing requirements.

Furthermore, investors should stay updated on developments related to the class action by following Rosen Law Firm on their social media channels.

Conclusion

For investors in Ready Capital Corporation, this class action represents both a challenge and an opportunity. Engaging with qualified legal representation and remaining vigilant about proceedings can provide an avenue for affected investors to seek recovery. The Rosen Law Firm is prepared to assist and is dedicated to guiding investors through this critical process with expertise and support.