Court filing
Notice of Motion for Consolidation and Lead Plaintiff — In re Ready Capital Securities (S.D.N.Y.)
Summary
A notice of motion filed May 5, 2025 by Ricky Davis in Quinn v. Ready Capital Corporation, Case No. 1:25-cv-01883-PAE, and the related Goebel v. Ready Capital Corporation, Case No. 1:25-cv-03373-PAE, in the U.S. District Court for the Southern District of New York, as Doc. 26. The defendants in both actions are Ready Capital Corporation, Thomas E. Capasse and Andrew Ahlborn. The motion asks the Court, under Federal Rule of Civil Procedure 42 and 15 U.S.C. § 78u-4(a)(3), to consolidate the related actions and appoint Davis as Lead Plaintiff. The proposed class consists of investors who purchased or acquired Ready Capital Corporation common stock between August 8, 2024 and March 2, 2025, inclusive. It also asks approval of Pomerantz LLP as Lead Counsel for the Class, with Bronstein, Gewirtz & Grossman, LLC as additional counsel.
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No. 1:25-cv-01883-PAE · Doc. 26 · Docket on CourtListener
Full text
Case 1:25-cv-01883-PAE Document 26 Filed 05/05/25 Page 1 of 2
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
JERRY QUINN, Individually and on Behalf of Case No. 1:25-cv-01883-PAE
All Others Similarly Situated,
Plaintiff,
v.
READY CAPITAL CORPORATION,
THOMAS E. CAPASSE, and ANDREW
AHLBORN,
Defendants.
DAVID GOEBEL, Individually and on Behalf Case No. 1:25-cv-03373-PAE
of All Others Similarly Situated,
Plaintiff,
v.
READY CAPITAL CORPORATION, THOMAS
E. CAPASSE, and ANDREW AHLBORN,
Defendants.
NOTICE OF MOTION OF RICKY DAVIS FOR CONSOLIDATION, APPOINTMENT AS
LEAD PLAINTIFF, AND APPROVAL OF LEAD COUNSEL
Case 1:25-cv-01883-PAE Document 26 Filed 05/05/25 Page 2 of 2
TO: ALL PARTIES AND THEIR COUNSEL OF RECORD
PLEASE TAKE NOTICE that Ricky Davis (“Davis”), by and through his counsel, will
and does hereby move this Court, pursuant to Federal Rule of Civil Procedure 42 and Section
21D(a)(3) of the Securities Exchange Act of 1934, 15 U.S.C. § 78u-4(a)(3), as amended by the
Private Securities Litigation Reform Act of 1995, for the entry of an Order: (1) consolidating the
above-captioned related actions; (2) appointing Davis as Lead Plaintiff on behalf of a class (the
“Class”) consisting of all investors who purchased or otherwise acquired Ready Capital
Corporation common stock between August 8, 2024 and March 2, 2025, inclusive; and (3)
approving proposed Lead Plaintiff’s selection of Pomerantz LLP as Lead Counsel for the Class.
Dated: May 5, 2025 Respectfully submitted,
POMERANTZ LLP
/s/ J. Alexander Hood II
J. Alexander Hood II
Jeremy A. Lieberman
Thomas H. Przybylowski
600 Third Avenue, 20th Floor
New York, New York 10016
Telephone: (212) 661-1100
Facsimile: (917) 463-1044
ahood@pomlaw.com
jalieberman@pomlaw.com
tprzybylowski@pomlaw.com
Counsel for Ricky Davis and Proposed Lead
Counsel for the Class
BRONSTEIN, GEWIRTZ &
GROSSMAN, LLC
Peretz Bronstein
60 East 42nd Street, Suite 4600
New York, New York 10165
Telephone: (212) 697-6484
Facsimile: (212) 697-7296
peretz@bgandg.com
Additional Counsel for Ricky Davis
1
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