Complaint — No. 1:21-cv-01152 (Dkt. 1, S.D.N.Y.)

Summary

A complaint for violations of the federal securities laws brought by Sean McGillivray against Ready Capital Corporation and its Board of Directors, Case No. 1:21-cv-01152-JGK, in the U.S. District Court for the Southern District of New York, filed February 9, 2021 as Document 1. It alleges violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 14a-9 in connection with Ready Capital's proposed acquisition of Anworth Mortgage Asset Corporation, under which Anworth stockholders would receive $0.61 in cash and 0.1688 shares of Ready Capital common stock per share. The complaint alleges that the Registration Statement filed on February 5, 2021 omits line item projections and details of the financial analysis work by Credit Suisse. It seeks to enjoin the transaction until disclosure is made, or damages, and is signed by Joshua M. Lifshitz.

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