Shareholders of RC can take the lead in a class action lawsuit against Ready Capital Corporation

Investors in Ready Capital Corporation (NYSE: RC) have a chance to take part in a class-action lawsuit against the company. The law firm Bronstein, Gewirtz and Grossman, LLC are currently investigating allegations that Ready Capital Corporation and certain of its officers and directors have violated federal securities laws. The investigation concerns whether the company misrepresented and failed to disclose information about its business practices, financial situation, and prospects. Shareholders who suffered losses are encouraged to contact the law firm to participate in the class action lawsuit.

Ready Capital Corporation is a real estate finance company that focuses on commercial real estate mortgage origination, acquisition, and servicing. The company operates in several segments, including loan origination, finance and management of performing commercial real estate mortgage loans, and management of non-performing loans. Its mortgage loan products cater to a variety of real estate investors, including developers, owners, and operators of multifamily, office, retail, and other types of commercial properties.

The investigation into Ready Capital Corporation stems from allegations surrounding the accuracy of the company’s financial reporting and disclosures. Specifically, it is claimed that the company did not adequately disclose certain loan loss provisions, among other things, leading to investors suffering significant losses. These alleged discrepancies in reporting have prompted the investigation by Bronstein, Gewirtz and Grossman, LLC.

Investors who purchased shares of Ready Capital Corporation between March 17, 2020, and December 16, 2020, may be eligible to participate in the class action lawsuit. By contacting Bronstein, Gewirtz and Grossman, LLC, shareholders can seek potential remedies to recover their losses resulting from the alleged securities violations.

Shareholders who wish to learn more about the investigation or how to participate in the class action lawsuit can contact the law firm via phone or their website. The attorneys at Bronstein, Gewirtz and Grossman, LLC are experienced in handling securities litigation and have a track record of holding companies accountable for misrepresentations and omissions in financial reporting. They are committed to helping investors seek justice and recover losses incurred due to securities fraud. If you believe you have been affected by the alleged misconduct of Ready Capital Corporation and its officers and directors, do not hesitate to reach out to the law firm and explore your legal options.