Core Viewpoint - Ready Capital Corporation is facing increased investor scrutiny due to a securities class-action lawsuit that questions its financial reporting and has led to a significant drop in its stock price [1][5]. Financial Performance - Ready Capital reported a fourth-quarter net loss of $1.80 per share and a full-year loss of $2.52 per share for 2024, attributing these losses to a $284 million reserve for underperforming commercial real estate (CRE) loans [4]. - The company also halved its quarterly dividend and experienced a sharp decline in book value [4]. Legal Issues - The lawsuit, filed under the case name Quinn v. Ready Capital Corporation, accuses the company and its executives of violating federal securities laws by allegedly downplaying issues in its CRE loan portfolio [2][3]. - Plaintiffs claim that from November 2024 to early March 2025, Ready Capital made misleading statements and omitted critical information regarding non-performing loans and credit loss allowances [3]. Market Reaction - Following the announcement of its financial losses, Ready Capital's shares plummeted nearly 27%, raising concerns about the company's risk management and disclosure practices [5]. Investigation - Hagens Berman, a law firm specializing in corporate accountability, is actively investigating Ready Capital's financial disclosures during the class period and is encouraging affected investors to come forward [6][7].

LOS ANGELES, April 14, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Ready Capital Corporation ("Ready Capital" or "the Company") (NYSE: RC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 7, 2024 and March 2, 2025, inclusive (the "Class P ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Ready Capital Corporation due to allegations of violations of federal securities laws, particularly concerning misleading statements about the company's financial health and non-performing loans [2][4]. Group 1: Legal Investigation and Class Action - The law firm is encouraging investors who suffered losses exceeding $50,000 in Ready Capital between November 7, 2024, and March 2, 2025, to contact them for legal options [1]. - There is a deadline of May 5, 2025, for investors to seek the role of lead plaintiff in a federal securities class action against Ready Capital [2]. - The complaint alleges that Ready Capital and its executives made false or misleading statements regarding the collectability of significant non-performing loans in its commercial real estate (CRE) portfolio [4]. Group 2: Financial Performance and Market Reaction - On March 3, 2025, Ready Capital reported a fourth quarter net loss of $1.80 per share and a full year net loss of $2.52 per share, necessitating decisive actions to stabilize its balance sheet [5]. - The company took $284 million in combined Current Expected Credit Loss (CECL) and valuation allowances to mark its non-performing loans to current values [5]. - Following the announcement of these financial results, Ready Capital's stock price fell by $1.86, or 26.8%, closing at $5.07 per share on March 3, 2025, with unusually heavy trading volume [6].

SAN FRANCISCO, April 11, 2025 (GLOBE NEWSWIRE) -- New York-based real estate finance company Ready Capital Corporation (NYSE: RC) is facing heightened scrutiny as it is now the subject of a securities class-action lawsuit. Hagens Berman is investigating the alleged claims and urges investors who purchased Ready Capital shares and suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may assist the firm’s investigation to contact its attorneys. Class Perio ...

NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capital Corporation (NYSE: RC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases-investigations/ready-capital-corporation Investors have until May 5, 2025, to ask the Court to ...

NEW YORK, April 7, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ready Capital Corporation (NYSE: RC).Shareholders who purchased shares of RC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/ready-capital-corporation-loss-submission-form/?id=140986&from=4 CLASS PERIOD: Novemb ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Ready Capital Corporation due to significant losses reported by investors, particularly related to misleading statements and undisclosed financial issues [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $50,000 in Ready Capital between November 7, 2024, and March 2, 2025, to discuss their legal options [1][2]. - A federal securities class action has been filed against Ready Capital, with a deadline of May 5, 2025, for investors to seek the role of lead plaintiff [2][7]. Group 2: Financial Performance and Issues - Ready Capital reported a fourth quarter 2024 net loss of $1.80 per share and a full year 2024 net loss of $2.52 per share, necessitating decisive actions to stabilize its balance sheet [5]. - The company took $284 million in combined Current Expected Credit Loss (CECL) and valuation allowances to address non-performing loans in its commercial real estate (CRE) portfolio [5]. - Total leverage increased to 3.8x from the previous quarter's 3.3x, indicating a deterioration in financial stability [5]. Group 3: Market Reaction - Following the announcement of its financial results, Ready Capital's stock price fell by $1.86, or 26.8%, closing at $5.07 per share on March 3, 2025, amid unusually heavy trading volume [6].

SAN FRANCISCO, April 03, 2025 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against Ready Capital Corporation (NYSE: RC) after the company reported dismal financial results and shed light on its true asset quality. The suit, captioned Quinn v. Ready Capital Corporation, et al., No. 1:25-cv-01883 (S.D.N.Y.), seeks to represent investors who purchased shares of Ready Capital between November 7, 2024 and March 2, 2025. Hagens Berman is investigating the alleged claims and urges investors ...

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capital Corporation (NYSE: RC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/ready-capital-corporation. Investors have until May 5, 2025, to ask the Court to ...

NEW YORK, April 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Ready Capital Corporation (NYSE: RC).Shareholders who purchased shares of RC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/ready-capital-corporation-loss-submission-form/?id=140403&from=4CLASS PERIOD: Novembe ...