Investors urged to take action in Ready Capital Corporation securities class action
- Rosen Law Firm reminds investors of Ready Capital Corporation of the impending May 5, 2025 lead plaintiff deadline for a securities class action.
- The lawsuit indicates that misleading statements about non-performing loans may have affected the valuation of Ready Capital.
- Investors are encouraged to act quickly to secure their legal rights and may be able to recover losses without upfront costs.
In New York on April 8, 2025, Rosen Law Firm announced a reminder for investors of Ready Capital Corporation regarding a potential securities class action. The law firm has indicated that individuals who purchased common stock of the corporation between November 7, 2024, and March 2, 2025, could be eligible for compensation if they choose to take legal action. Investors are advised that the deadline to file as lead plaintiff is on May 5, 2025. The class action stems from allegations that Ready Capital provided misleading information regarding its commercial real estate portfolio, including the status of non-performing loans. Such inaccuracies are said to have falsely inflated the company's perceived financial strength, leading to serious ramifications for investors. The Rosen Law Firm, which specializes in securities litigation, has emphasized the lack of certification of the class, meaning that investors need to retain their own counsel if they wish to participate in the case. They stressed that the event signifies a critical opportunity for affected investors to potentially recover losses without incurring out-of-pocket legal fees. Investors are encouraged to reach out via phone or email for further guidance.