Ready Capital Corporation Faces Class Action Over Securities Fraud Allegations by Investors
Ready Capital Corporation Faces Class Action Lawsuit
Ready Capital Corporation, which trades under the NYSE ticker RC, is currently facing a class action lawsuit initiated by investors alleging violations of securities laws. The legal action is spearheaded by the law firm Levi & Korsinsky, LLP, which is advising affected investors to come forward and assert their rights.
What’s the Lawsuit About?
The focus of the lawsuit centers on claims of securities fraud that allegedly occurred during a significant period between November 7, 2024, and March 2, 2025. Affected investors are being encouraged to inquire about their rights, as the allegations suggest they may be entitled to recover losses resulting from misleading statements made by the company’s executives.
Key Allegations
The suit contends that Ready Capital made several inaccurate statements and concealed critical information from its investors. Among the serious claims are:
1. Concealment of Non-Performing Loans: The company is accused of failing to disclose that non-performing loans in its Commercial Real Estate (CRE) portfolio were unlikely to be collectible.
2. False Reserves: Ready Capital allegedly misrepresented the need to fully reserve these problematic loans, which is crucial for
Topics Financial Services & Investing）
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