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

Investors Can Take Lead in Ready Capital Corporation Securities Fraud Lawsuit

In a significant legal development, the Rosen Law Firm, recognized globally for its advocacy on behalf of investors, has announced that it is inviting shareholders of Ready Capital Corporation (NYSE: RC) to participate in a crucial class action lawsuit. This lawsuit stems from claims made by shareholders who purchased Ready Capital's common stock during the designated Class Period, which runs from November 7, 2024, to March 2, 2025.

Understanding the Class Action Lawsuit

Class action lawsuits provide a platform for individuals with similar grievances to collectively seek justice against larger entities. In this case, the Rosen Law Firm reports that a shareholder has already initiated the lawsuit, opening the door for other investors to join.

Why You Should Consider Joining

If you acquired Ready Capital securities within the specified Class Period, there's a possibility you qualify for compensation, and it comes without the burden of upfront fees through a contingency fee arrangement. This structure ensures that legal representation is affordable, allowing investors to focus on the implications of the lawsuit rather than on financial risks.

What’s Next for Potential Class Members?

Interested parties can join the class action by visiting Rosen Law Firm's website or by reaching out directly to attorney Phillip Kim, who is available toll-free at 866-767-3653 or via email for any inquiries. It’s important for potential participants to act quickly, as the deadline to apply as a lead plaintiff is May 5, 2025.

The Role of a Lead Plaintiff

The lead plaintiff serves as a representative participant who will guide the litigation process on behalf of other members of the class. This role is pivotal in steering the direction of the lawsuit and holding the defendants accountable for their alleged misdeeds.

The Reputation of Rosen Law Firm

Investors are encouraged to choose legal counsel that has proven experience in handling such cases. The Rosen Law Firm has a commendable history in securities class actions, securing significant settlements and maintaining a top-tier reputation in the field. Notably, the firm achieved record settlements against Chinese companies and has been ranked among the top law firms for securities class action settlements in multiple consecutive years.

The firm’s founding partner, Laurence Rosen, has gained recognition in the legal community, including being named a Titan of the Plaintiffs' Bar by Law360. Moreover, the firm highlighted that its attorneys are often acknowledged by reputable platforms like Lawdragon and Super Lawyers, reinforcing their standing in the industry.

Allegations Against Ready Capital

According to the class action, the lawsuit alleges that during the Class Period, Ready Capital Corporation made several false and misleading statements. Specifically, the defendants reportedly failed to reveal critical issues regarding the company’s commercial real estate (CRE) portfolio, namely:
1. They did not disclose that many non-performing loans within the portfolio were unlikely to yield returns.
2. The decision to fully reserve these problematic loans to supposedly stabilize the CRE was not correctly reported.
3. This mismanagement adversely impacted Ready Capital's financial position and overall performance, calling into question the reliability of the company’s optimistic public statements related to its operations and prospects.

These allegations suggest a breach of trust between the company and its investors, warranting legal action and accountability for misrepresentation.

Join the Movement

As the lawsuit unfolds, the Rosen Law Firm emphasizes the importance of investor involvement in holding corporations accountable for their actions. You may also choose to remain an absent class member and take no action, but participating could enhance your chances of recovery in any resulting settlements.

For updates and further information, interested parties can follow the Rosen Law Firm on their social media platforms, including LinkedIn, Twitter, and Facebook.

This case presents a pivotal moment for investors in Ready Capital Corporation, and timely action could lead to significant financial recovery and transparency in the firm’s dealings moving forward.