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RC Deadline: RC Investors with Losses in Excess of $100K Have Opportunity to Lead Ready Capital Corporation Securities Fraud Lawsuit
RCReady Capital (RC) Prnewswire·2025-04-25 18:25

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Ready Capital Corporation common stock during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Ready Capital securities is from November 7, 2024, to March 2, 2025, inclusive [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 5, 2025 [2]. Group 2: Legal Representation - Investors are encouraged to select qualified counsel with a successful track record in securities class actions [3]. - Rosen Law Firm has a history of significant settlements, including the largest securities class action settlement against a Chinese company at the time [3]. - The firm has consistently ranked highly in securities class action settlements, recovering hundreds of millions for investors [3]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Ready Capital made false or misleading statements regarding its commercial real estate portfolio [4]. - Specific claims include that significant non-performing loans were not likely to be collectible and that these issues were not accurately reflected in the company's financial statements [4]. - As a result, Ready Capital's financial results were adversely affected, and its positive statements about business prospects were misleading [4].