Core Viewpoint - Broadmark Realty Capital Inc. is facing a class action lawsuit related to its merger with Ready Capital Corporation, alleging misleading statements in the proxy statement used for shareholder approval [3][4]. Company Overview - Broadmark Realty Capital Inc. and Ready Capital Corporation are classified as real estate investment trusts (REITs) [3]. Merger Details - The merger between Broadmark and Ready Capital was approved by Broadmark shareholders on May 30, 2023, and finalized on May 31, 2023 [3]. Allegations in the Lawsuit - The lawsuit claims that the proxy statement contained materially false and/or misleading statements and omitted key facts [3]. - Specific allegations include: 1. A significant portion of borrowers in Ready Capital's loan portfolio were experiencing financial distress due to rising interest rates, increasing their borrowing costs [5]. 2. An oversupply of multifamily properties in Ready Capital's core markets limited borrowers' ability to raise rents to offset growing debt obligations [5]. 3. A major development project, a Ritz-Carlton in Portland, Oregon, faced severe setbacks, including cost overruns, construction delays, and funding shortfalls, representing approximately $500 million of Ready Capital's acquired loan portfolio [5]. 4. Ready Capital's Current Expected Credit Loss (CECL) reserves and projected credit losses were significantly understated due to these issues [5]. 5. Financial projections from Ready Capital, including estimates of Distributable Earnings per share, dividends per share, and book value per share, lacked a reasonable basis when issued [5]. Legal Representation - The plaintiffs are represented by Robbins Geller Rudman & Dowd LLP, a firm experienced in prosecuting investor class actions involving financial fraud [4].

Core Viewpoint - Edison International is facing a class action lawsuit due to allegations of making false or misleading statements regarding its Public Safety Power Shutoffs program, which purportedly increased wildfire risks instead of mitigating them [3]. Group 1: Lawsuit Details - The class action represents investors who purchased securities between February 25, 2021, and February 6, 2025, with a deadline for filing a lead plaintiff motion set for April 21, 2025 [1]. - The lawsuit claims that Edison misrepresented the effectiveness of its wildfire risk mitigation strategies, leading to investor damages when the truth was revealed [3]. Group 2: Legal Representation - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss their legal rights regarding the lawsuit [2]. - The Portnoy Law Firm has a history of recovering over $5.5 billion for investors affected by corporate wrongdoing [4].