#United States #Los Angeles #Schall Law Firm #Securities Fraud #Ready Capital

Final Reminder for RC Investors on Class Action Lawsuit

As the deadline looms for investors of Ready Capital Corporation, it's crucial for affected shareholders to act swiftly. The Schall Law Firm, a nationally recognized firm specializing in shareholder rights litigation, has reminded investors of a pressing opportunity to lead a class action lawsuit against Ready Capital. This suit pertains to potential violations of the Securities Exchange Act of 1934, specifically under sections 10(b) and 20(a), alongside SEC Rule 10b-5.

Key Details of the Lawsuit

The lawsuit focuses on the activities of Ready Capital during a defined period from November 7, 2024, to March 2, 2025. If you purchased securities from the company during this window, you may be eligible to join the class action. Those interested should reach out to the Schall Law Firm before May 5, 2025, to ensure their rights are protected.

Brian Schall, a prominent attorney at the firm, has extended an invitation to affected investors to discuss their situation and rights at no cost. Interested parties can reach the firm at their Los Angeles office or through their website. The firm encourages prompt action since class certification, which is necessary for legal representation, has yet to occur.

Misleading Statements Alleged

According to allegations detailed in the complaint, Ready Capital made a series of misleading statements that misrepresented the company's financial health. Investors learned that the company had been grappling with significant non-performing loans within its commercial real estate portfolio. In an attempt to stabilize their financial status, Ready Capital reportedly took drastic measures to reserve these failing loans but failed to accurately report their expected credit losses and valuation allowances.

Such misrepresentation has led to significant financial damages for investors once the true state of the company's finances was disclosed. Hence, joining the class action could provide an avenue for these investors to recover losses incurred due to these misleading practices.

Your Rights as an Investor

Investors who have incurred financial losses as a result of these practices are urged to join the class action lawsuit promptly. The Schall Law Firm emphasizes the importance of taking action during this critical period to avoid being recognized merely as passive participants in the class. Failure to act could result in being classified as an absent class member, which may limit recovery options.

The Schall Law Firm’s prowess in handling securities class actions means that investors will have a strong advocate in their corner. With a record of representing clients worldwide, the firm is committed to achieving justice and compensation for those whose rights have been compromised.

If you're a shareholder of Ready Capital Corporation, now is the time to act. Ensure your voice is heard in this crucial lawsuit and protect your rights as an investor. Time is of the essence, so please reach out and take the necessary steps to participate in this important legal action.

For more information or to express your intent to participate, contact the Schall Law Firm directly, where expert legal counsel awaits you.