Investors of Ready Capital Corporation Urged to Join Securities Fraud Class Action

Investors of Ready Capital Corporation Urged to Act in Securities Fraud Class Action

In a notable development for investors, Rosen Law Firm, a worldwide advocate for investor rights, is reminding those who acquired common stock of Ready Capital Corporation (NYSE: RC) between November 7, 2024, and March 2, 2025, about the impending lead plaintiff deadline on May 5, 2025. This case presents a crucial opportunity for shareholders to seek recovery from potential securities fraud.

Background of the Case

The claim revolves around serious allegations that during the class period, Ready Capital Corporation made misleading statements and failed to disclose vital financial facts. Specifically, it is said that the firm had significant non-performing loans in its commercial real estate portfolio that were unlikely to be collectible. Furthermore, Ready Capital allegedly undertook actions to mask these issues by reserving these problematic loans to maintain the perception of stability. This lack of transparency resulted in materially misleading statements about the companys business health and operations.

Investors who have participated in purchasing shares during this period may have the right to compensation without incurring any fees upfront, as the law firm operates on a contingency basis. This means that legal fees are only collected if the case results in a favorable outcome for investors.

Steps for Investors to Take

To be part of this class action, investors are encouraged to visit the dedicated webpage at rosenlegal.com or to contact Phillip Kim, Esq., toll-free at 866-767-3653 for further assistance. It is crucial to note that the cut-off date to file a motion to be recognized as a lead plaintiff is May 5, 2025. The role of the lead plaintiff is significant as they represent the collective interests of the investor class and help steer the case forward.

Why Choose Rosen Law Firm?

Investors are urged to select legal representation wisely. Many firms that advertise class actions may lack the necessary credentials or experience in managing securities class actions effectively. Rosen Law Firm is recognized for its extensive expertise, having successfully represented numerous securities class actions and achieving the largest settlements in the history against Chinese companies to date.

In 2019, the firm secured over $438 million for investors, demonstrating its capability and commitment to protecting shareholder rights. The firm has consistently ranked at the top for securities class actions settlements, reinforcing their status as trusted legal advisors in the investor community.

Conclusion

As the deadline approaches, it is essential for Ready Capital shareholders to act swiftly to join the class action lawsuit. With allegations of significant financial misconduct overshadowing Ready Capital Corporation, the class action provides a pathway for affected investors to potentially recover losses incurred due to misleading statements. By collaborating with experienced legal counsel like Rosen Law Firm, investors can navigate the complexities of securities litigation and seek justice effectively.

For ongoing updates about the case and other developments in similar legal matters, investors can follow Rosen Law Firm on their LinkedIn, Twitter, or Facebook pages.