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 ...

RC Investors with Losses Encouraged to Contact the FirmSAN FRANCISCO, April 2, 2025 /PRNewswire/ -- 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 inv ...

WHAT TO DO NEXT: To join the Ready Capital class action, go to https://rosenlegal.com/submit-form/? case_id=36512 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 5, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage in ...

As alleged, Ready Capital misrepresented the credit performance of its loans, stating that its "CRE portfolio is showing stabilizing credit metrics" and that it was "well positioned to capitalize on the tailwinds in the CRE market." In reality, Ready Capital's CRE portfolio was plagued by non-performing loans and its CRE portfolio had not stabilized. NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capit ...

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. NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Ready Capital Corporation (NYSE: RC). DEADLINE: May 5, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securi ...

NEW YORK, March 31, 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=139417&from=4 CLASS PERIOD: No ...

NEW YORK, March 28, 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 ...

Core Viewpoint - Investors in Ready Capital Corporation have until May 5, 2025, to file lead plaintiff applications in a securities class action lawsuit due to alleged failure to disclose material information during the class period from November 7, 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 fell over 26% to close at $5.07 per share on March 3, 2025, with unusually high trading volume [5]. Legal Context - The lawsuit against Ready Capital and certain executives is based on allegations of violating federal securities laws by not disclosing significant information during the specified class period [3]. - The case is officially titled Quinn v. Ready Capital Corporation, et al., No. 25-cv-1883 [5]. Investor Resources - ClaimsFiler provides resources for investors to recover funds from securities class action settlements, including free registration for information access and legal evaluations [6].

Core Viewpoint - A class action securities lawsuit has been filed against Ready Capital Corporation, alleging securities fraud that negatively impacted investors between November 7, 2024, and March 2, 2025 [1][2]. Group 1: Lawsuit Details - The complaint claims that Ready Capital made false statements regarding significant non-performing loans in its commercial real estate (CRE) portfolio, which were not likely to be collectible [2]. - It is alleged that Ready Capital intended to fully reserve these problematic loans to stabilize its CRE portfolio, but this was not accurately reflected in the company's expected credit loss or valuation allowances [2]. - As a result of these actions, the company's financial results were adversely affected, and the positive statements made by the defendants about the company's business and prospects were misleading [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until May 5, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].