Join the Fight: Shareholders of Ready Capital Corporation Invited to Participate in Class Action Lawsuit

Investors who have experienced financial loss due to their investment in Ready Capital Corporation are being urged to join a class action lawsuit initiated by Levi & Korsinsky, LLP. This legal action targets allegations of securities fraud that potentially impacted shareholders adversely between November 7, 2024, and March 2, 2025.

The Overview of the Class Action

This lawsuit aims to recover losses for shareholders who were misled by the company's management. The key allegations include significant non-performing loans in the commercial real estate (CRE) portfolio that were reportedly not collectible. Despite this knowledge, the company allegedly failed to reserve adequately for these loans, which affected its stated financial stability.

Detailed complaints have emerged suggesting that the company's top executives misrepresented the viability of their business operations. Many statements made about Ready Capital’s performance and growth potential were misleading or false, according to legal documentation filed in court. For investors, this situation means that their investments were not just risks but compounded by a lack of transparency from the company's leadership.

Important Dates and Details

For any investors who suffered losses during the relevant time frame, it’s vital to act quickly. Interested parties have until May 5, 2025, to request the court appoint them as lead plaintiffs. However, it's essential to note that participating in this class action does not necessitate being a lead plaintiff to benefit from any potential financial recovery.

Members of this class action lawsuit can participate without incurring any legal fees or costs out of pocket. This means that worried investors can seek justice without additional financial strain during an already difficult time. Levi & Korsinsky has assured potential participants that there will be no obligation to pay any fees unless there is a settlement or positive outcome.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has built a strong reputation over the past two decades by securing substantial settlements for shareholders. With over 70 dedicated professionals, the firm specializes in complex securities litigation, reinforcing their capability to handle high-stakes cases effectively. Their expertise is exemplified by a consistent ranking as one of the top securities litigation firms in the United States, as acknowledged by ISS Securities Class Action Services.

How to Get Involved

If you believe your investment has been adversely affected by the events surrounding Ready Capital, you should reach out to Levi & Korsinsky to learn more about your rights. Investors can contact Joseph E. Levi, Esq., or Ed Korsinsky, Esq. at their New York office for guidance. They can be reached at (212) 363-7500 or through their email at [email protected].

Taking action now could ensure that investors receive the compensation they rightfully deserve. Don’t let misinformation and corporate negligence dictate your investment journey. Seize the opportunity to reclaim your losses by participating in this class action lawsuit against Ready Capital Corporation. Remember, the window to join is just around the corner; make your voice heard today!

For further information and to get in touch with their team, visit the Levi & Korsinsky Class Action Page.