Broadmark, Ready Capital Face Investor Class Action
Class Action Targets Broadmark-Ready Capital Merger Broadmark Realty Capital Inc. shareholders find themselves at the center of escalating legal battles. Class action lawsuits have emerged, targeting alleged misconduct that may have triggered substantial investor losses. The litigation seeks to represent holders of Broadmark common stock traded on the NYSE under ticker symbol BRMK. It focuses on protecting shareholder rights amid growing concerns about merger implications. The legal turmoil stems from the May 2023 merger between Ready Capital and Broadmark Realty Capital. This transaction has generated significant controversy among former Broadmark investors. Ready Capital, operating as a multi-strategy real estate finance company, absorbed Broadmark in a deal promising strategic advantages. However, it has delivered troubling results for shareholders. Post-merger performance has painted a grim picture for investors. Those who received Ready Capital stock in exchange for Broadmark hold...