Core Viewpoint - A lawsuit has been filed against Ready Capital Corporation and its senior executives for potential violations of federal securities laws, focusing on misrepresentation of the company's financial health due to non-performing loans in its commercial real estate portfolio [1][2][4]. Group 1: Lawsuit Details - The lawsuit is filed by Bleichmar Fonti & Auld LLP on behalf of investors who purchased Ready Capital stock, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until May 5, 2025, to request to be appointed to lead the case, which is pending in the U.S. District Court for the Southern District of New York [2]. Group 2: Company Background - Ready Capital is a real estate finance company that originates, acquires, finances, and services lower-to-middle-market commercial real estate loans, small business administration loans, and other real estate-related investments [3]. Group 3: Financial Misrepresentation - The lawsuit alleges that the defendants misrepresented the impact of significant non-performing loans on the company's financial performance, which were not accurately reflected in its current expected credit loss (CECL) or valuation allowances [4]. - The financial results were claimed to be materially false and misleading due to the misrepresentation of these non-performing loans [4]. Group 4: Stock Performance - Following the announcement of financial results for Q4 2024, Ready Capital recognized a $382 million charge, including $284 million related to non-performing loans, and reduced its dividend to $0.125 per share [5]. - This announcement led to a nearly 27% decline in the stock price, dropping from $6.93 per share on February 28, 2025, to $5.07 per share on March 3, 2025 [6].

Core Viewpoint - The Gross Law Firm is notifying shareholders of Ready Capital Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed issues related to non-performing loans in its commercial real estate (CRE) portfolio [2][4]. Group 1: Allegations and Class Period - The class period for the allegations is from August 8, 2024, to March 2, 2025 [2]. - Allegations include that Ready Capital failed to disclose significant non-performing loans that were unlikely to be collectible and did not accurately reflect these issues in their expected credit loss or valuation allowances [2]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [4].

NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Ready Capital Corporation (NYSE: RC) between November 7, 2024 and March 2, 2025, both dates inclusive (the “Class Period”), of the important May 5, 2025 lead plaintiff deadline. SO WHAT: If you purchased Ready Capital securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrang ...

ATLANTA, April 29, 2025 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC reminds investors of the May 5, 2025 deadline to seek to be appointed lead plaintiff in the following class action lawsuits: Ready Capital Corporation The shareholder class action lawsuit filed against Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC) alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding certain loans in Ready Capital’s ...

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ready Capital investors who were adversely affected by alleged securities fraud between August 8, 2024 and March 2, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/ready-capita ...

Core Viewpoint - A lawsuit has been filed against Ready Capital Corporation and its senior executives for potential violations of federal securities laws, focusing on misrepresentation of the company's financial health due to non-performing loans in its commercial real estate portfolio [1][2][4]. Group 1: Company Overview - Ready Capital is a real estate finance company that originates, acquires, finances, and services lower-to-middle-market commercial real estate loans, small business administration loans, and other real estate-related investments [3]. Group 2: Legal Allegations - The lawsuit alleges that the defendants misrepresented the severe impact of significant non-performing loans on Ready Capital's business, which were not accurately reflected in the company's expected credit loss or valuation allowances [4]. - The complaint is filed under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Ready Capital stock [2]. Group 3: Financial Impact - On March 3, 2025, Ready Capital announced a financial charge of $382 million, including $284 million related to non-performing loans, and a reduction in its dividend to $0.125 per share [5]. - Following this announcement, Ready Capital's stock price fell nearly 27%, from $6.93 per share on February 28, 2025, to $5.07 per share on March 3, 2025 [6].

LOS ANGELES, April 28, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC) investors of a class action representing investors that bought securities between November 7, 2024 and March 2, 2025, inclusive (the "Class Period"). Ready Capital investors have until May 5, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss the ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Ready Capital Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed non-performing loans in its commercial real estate (CRE) portfolio [1][3]. Group 1: Allegations - The complaint alleges that during the class period from November 7, 2024, to March 2, 2025, Ready Capital failed to disclose significant non-performing loans in its CRE portfolio that were unlikely to be collectible [3]. - It is claimed that Ready Capital would fully reserve these problem loans to "stabilize" its CRE portfolio, which was not accurately reflected in the company's expected credit loss or valuation allowances [3]. - As a result of these issues, the company's financial results were adversely affected, and the defendants' positive statements about the company's business and prospects were materially misleading [3]. Group 2: Class Action Details - The deadline for shareholders to register for the class action is May 5, 2025, and there is no cost or obligation to participate [4]. - Shareholders who register will be enrolled in a portfolio monitoring software to receive updates throughout the lifecycle of the case [4]. - The Gross Law Firm aims to protect the rights of investors who have suffered losses due to deceit and illegal business practices [5].

NEW YORK, April 27, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it has filed a lawsuit 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 be ...

Core Viewpoint - Investors have until May 5, 2025, to file lead plaintiff applications in securities class action lawsuits against Ready Capital Corporation for failing to disclose material information during the class period from August 8, 2024, to March 2, 2025 [1][3] Company Financials - Ready Capital reported a quarterly net loss of $1.80 per share and a full year 2024 net loss of $2.52 per share, attributed to actions taken to stabilize its balance sheet, including reserving $284 million for nonperforming loans [4] - Following the financial results announcement, Ready Capital's share price dropped over 26% to close at $5.07 per share on March 3, 2025, with unusually heavy trading volume [5] Legal Context - The lawsuits allege that Ready Capital and certain executives violated federal securities laws by not disclosing material information during the class period [3] - The first-filed case is Quinn v. Ready Capital Corporation, et al., and a subsequent case, Goebel v. Ready Capital Corporation, et al., expanded the class period [5] Law Firm Background - Kahn Swick & Foti, LLC is a prominent boutique securities litigation law firm, ranked among the top 10 firms nationally based on total settlement value [5]