Levi & Korsinsky Reminder: Ready Capital Corporation Class Action

Investors in Ready Capital Corporation have been reminded of the pending class action lawsuit by Levi & Korsinsky. This lawsuit highlights allegations regarding potential violations of federal securities laws and seeks to represent shareholders who purchased Ready Capital Corporation’s shares between September 9, 2019, and February 28, 2022.

The class action lawsuit concerns the company’s business practices related to its mortgage loans. Investors have claimed that Ready Capital Corporation failed to adequately assess the credit quality of its loan portfolio, leading to an artificially inflated valuation of its assets. This alleged misconduct has raised concerns among shareholders about the accuracy and transparency of the company’s financial disclosures.

As a result of these allegations, Ready Capital Corporation’s stock price has reportedly suffered a significant decline. The pending class action lawsuit aims to hold the company accountable for any potential damages incurred by investors due to the alleged violations of federal securities laws.

Investors who purchased shares of Ready Capital Corporation during the specified period have been encouraged to participate in the class action lawsuit. By doing so, they may be able to recover potential financial losses resulting from the alleged misconduct of the company.

Levi & Korsinsky, the law firm handling the class action lawsuit, has significant experience in securities litigation. The firm is known for its dedication to protecting the rights of investors and holding companies accountable for any violations of federal securities laws.

If you are a Ready Capital Corporation investor who purchased shares between September 9, 2019, and February 28, 2022, and would like to learn more about the pending class action lawsuit, it is recommended that you contact Levi & Korsinsky for further information on how to participate in the case. By taking action, investors can potentially recover financial losses and ensure accountability for any alleged misconduct by the company.

Overall, the pending class action lawsuit against Ready Capital Corporation underscores the importance of transparency and accuracy in financial disclosures. Investors should be aware of their rights and options in cases where companies may have violated federal securities laws, and seek appropriate legal recourse to protect their investments.