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

Investors Urged to Take Action in Ready Capital Fraud Case

The Rosen Law Firm, a notable legal entity focusing on investor rights, is taking significant steps to bring attention to a recent class action lawsuit involving Ready Capital Corporation (NYSE: RC). This follows the discovery of potential securities fraud during a critical period. It is pivotal for shareholders, particularly those who bought stock between November 7, 2024, and March 2, 2025, to understand their rights and options.

The Background of the Lawsuit

The class action was initiated due to claims that Ready Capital misrepresented key financial information which directly affected investors’ decisions. During the stated class period, it was alleged that the company made several misleading statements regarding its commercial real estate (CRE) portfolio. Investors believed these misleading statements provided a falsely optimistic view of Ready Capital's financial health. Specified failures included:
1. Failure to Disclose Non-Performing Loans: The lawsuit claims that the company did not adequately disclose significant non-collectible loans in its CRE assets, which could adversely impact financial stability.
2. Misrepresentation of Loan Reserves: Ready Capital allegedly took steps to obscure the severity of its financial issues by failing to accurately reserve against these problem loans, leading to a misrepresentation of the company's true financial condition.
3. Incorrect Valuation Allowances: Misleading claims related to credit loss expectations further complicated the financial picture, ultimately resulting in unexpected adverse effects on the company's financial results.

Because of these statements, many investors were left with an inaccurate understanding of Ready Capital’s prospects and associated risks during the period in question, which would have influenced their decisions to buy or sell the company's stock.

Joining the Class Action

For those who purchased Ready Capital securities during the designated class period, joining this lawsuit can be pivotal. It is essential for those interested to act promptly as the deadline to move the Court as a lead plaintiff is set for May 5, 2025. Rosen Law Firm emphasizes that taking legal action could be essential to securing any potential recovery for losses suffered.

How to Join

Interested parties can find more information on how to join the class action by visiting the Rosen Law Firm website or reaching out via phone or email. A digital form is available for those interested in initiating their participation.

• - Website: Rosen Legal Join Form
• - Toll-Free Contact: 866-767-3653
• - Email Contact: [email protected]

Why Choose Rosen Law Firm?

Rosen Law Firm stands out due to its impressive track record of successful outcomes for investors. Highlighted accomplishments include significant class action settlements, ranking prominently in the field. In 2019 alone, the firm recovered over $438 million for investors.

They highlight the importance of legal representation that is not only experienced but also well-respected within legal circles. This can enhance the likelihood of a favorable outcome during litigation. Given the high stakes involved in cases of securities fraud, choosing the right legal representation is key.

Final Notes

It’s crucial for investors to remain vigilant and informed about the actions they can take in situations like these. The landscape of securities trading is fraught with complexities, and being able to navigate these challenges with competent legal support can make a meaningful difference. Investors must consider this opportunity not just as a means for potential financial recovery but also for holding companies accountable for their actions.

Keep an eye on updates from Rosen Law Firm by following their social media channels for timely information regarding this case and others in the securities law sphere.

Investors are encouraged to take action now as time is of the essence. Don't miss the chance to stand up for your rights in the face of potential fraud.