#USA #New York #Securities Fraud #Rosen Law Firm #Ready Capital

Investors Take Action Against Ready Capital: Join the Class Action

Investors who purchased shares of Ready Capital Corporation (NYSE: RC) between November 7, 2024, and March 2, 2025, may have the opportunity to participate in a significant class action lawsuit against the company. This lawsuit, led by the distinguished Rosen Law Firm, centers around allegations of securities fraud that could provide compensation to affected investors.

Why This Matters

The Rosen Law Firm is a well-respected global investor rights legal firm that specializes in securities class actions, and they have urged those who bought stock during the specified period to take notice of the approaching May 5, 2025, deadline to serve as a lead plaintiff in the lawsuit. If you are among those investors, it's crucial to understand your rights and options.

Key Facts About the Class Action

• - Who Can Participate? Any individual who purchased shares of Ready Capital within the designated class period may join the action. The firm operates on a contingency fee basis, meaning you won't need to pay out of your pocket to pursue this case.
• - What Are the Allegations? The lawsuit claims that during the class period, Ready Capital Corporation made misleading statements and failed to disclose critical information. This includes claims regarding non-performing loans in their commercial real estate portfolio, which were allegedly not collectible. Additionally, it is asserted that the company did not represent its financial health accurately, leading to misleading statements about its business performance.

Steps to Take

If you wish to get involved in the class action against Ready Capital, you can join by accessing their website at rosenlegal.com. Alternatively, you can reach out to Phillip Kim, Esq. toll-free at 866-767-3653 for comprehensive information about the case. Getting involved not only facilitates your potential compensation but also contributes to a collective effort to hold the company accountable for misleading its investors.

The Importance of Selecting Experienced Counsel

Rosen Law Firm recommends that investors select legal representation with a proven success record in handling securities fraud cases. Many firms may claim to lead such actions but lack the necessary experience or resources for effective litigation. The Rosen Law Firm distinguishes itself as an experienced player in this arena, historically recognized for its accomplishments, including the recovery of hundreds of millions for investors in the past years.

What Happens Next?

Currently, no class has been certified by the court; therefore, if you do not join as a lead plaintiff, you may choose to remain an absent member of the class. However, your eligibility to partake in any recovery from the case will remain unaffected by your decision not to become a lead plaintiff.

Conclusion

Investors should be proactive in understanding their rights and the potential benefits of participating in this lawsuit against Ready Capital. With the deadline drawing near, those affected are encouraged to seek legal counsel and ensure their interests are adequately represented. Following developments in this case through updates from the Rosen Law Firm is advisable, as they are committed to advocating on behalf of the investors they represent.

For more information, visit their profile on platforms like LinkedIn and follow their updates on Twitter and Facebook to stay informed about this essential legal endeavor.