Ready Capital Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - RC
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A class action securities lawsuit has been filed against Ready Capital Corporation, alleging securities fraud between November 7, 2024 and March 2, 2025. The lawsuit claims the company made false statements about non-performing commercial real estate loans, loan reservations, and financial reporting, potentially misleading shareholders about the company's financial health.
March 21, 2025 | 4:30 pm
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The lawsuit alleges Ready Capital misrepresented its commercial real estate loan portfolio's performance, which could negatively impact investor confidence and stock valuation.
The lawsuit directly targets Ready Capital, alleging systematic misrepresentation of financial data. This could lead to potential financial penalties, reputational damage, and investor loss of confidence, likely causing short-term stock price decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100