Class Action Filed Against Ready Capital Corporation (RC) - May 5, 2025 Deadline to Join - Contact Levi & Korsinsky
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A class action securities lawsuit has been filed against Ready Capital Corporation (RC) 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, their collectibility, and financial reserves, potentially misleading shareholders about the company's financial health.
March 21, 2025 | 8:45 pm
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The class action lawsuit alleges significant misrepresentations in Ready Capital's financial reporting, specifically regarding non-performing commercial real estate loans, which could negatively impact investor confidence.
The lawsuit directly targets Ready Capital, alleging systematic misrepresentation of financial data. This could lead to potential financial penalties, reputational damage, and reduced investor trust, likely causing short-term stock price decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100