NEW YORK, March 18, 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 ...

LOS ANGELES, March 17, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Ready Capital Corporation ("Ready Capital" or "the Company") (NYSE: RC) for violations of the federal securities laws.Shareholders Investors who purchased the Company's securities between November 7, 2024 and March 2, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before May 5, 2025.           CASE DETAILS:  The complaint alleges that the Company made false and misleadi ...

NEW YORK, March 17, 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=136031&from=4CLASS PERIOD: Novemb ...

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 [3][5]. Group 1: Legal Investigation - The law firm is encouraging investors who suffered losses in Ready Capital to contact them for discussing legal options [1][9]. - 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 [3]. Group 2: Allegations Against Ready Capital - 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 [5]. - It is claimed that the company did not accurately reflect the need to reserve for these problem loans, which adversely affected its financial results [5]. Group 3: Financial Performance - 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 for 2024 [6]. - The company announced it had to take decisive actions, including a total of $284 million in Current Expected Credit Loss (CECL) and valuation allowances to stabilize its balance sheet [6]. - Ready Capital's total leverage increased to 3.8x from the previous quarter's 3.3x [6]. Group 4: 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, with unusually heavy trading volume [7].

Core Viewpoint - A class action lawsuit has been filed against Ready Capital Corporation for alleged violations of securities laws, specifically related to misleading statements about its financial health and non-performing loans in its commercial real estate portfolio [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Ready Capital securities between November 7, 2024, and March 2, 2025, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Ready Capital - The complaint alleges that Ready Capital made false and misleading statements regarding its financial condition [4]. - The company faced issues with non-performing loans in its commercial real estate portfolio and attempted to stabilize it by fully reserving these loans [4]. - Ready Capital reportedly failed to accurately reflect its expected credit loss and valuation allowances in its financial results, leading to materially misleading public statements [4].

NEW YORK, March 13, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (“Ready Capital” or the “Company”) today announced that it has completed the previously announced acquisition of United Development Funding IV (“UDF IV”) (the “Merger”) pursuant to the terms of the Agreement and Plan of Merger, dated as of November 29, 2024, by and among Ready Capital, RC Merger Sub IV, LLC, and UDF IV. The combined company will conduct business under the name “Ready Capital Corporation” and will continue to t ...

IRVING, Texas, March 13, 2025 (GLOBE NEWSWIRE) -- United Development Funding IV ("UDF IV") announced today that on March 4, 2025, its board of trustees authorized a cash distribution of $2.3785 per share payable on or around March 13, 2025, to shareholders of record at the close of business on March 4, 2025, or approximately $73 million in the aggregate. This distribution is contemplated by the merger agreement between UDF IV and Ready Capital Corporation (NYSE:RC). Including the approximately $2 million di ...

IRVING, Texas, March 13, 2025 (GLOBE NEWSWIRE) -- United Development Funding IV (“UDF IV”) announced today that on March 4, 2025, its board of trustees authorized a cash distribution of $2.3785 per share payable on or around March 13, 2025, to shareholders of record at the close of business on March 4, 2025, or approximately $73 million in the aggregate. This distribution is contemplated by the merger agreement between UDF IV and Ready Capital Corporation (NYSE: RC). Including the approximately $2 million d ...

NEW YORK, March 13, 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=135501&from=4CLASS PERIOD: Novemb ...

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 [1][3]. Group 1: Lawsuit Details - The lawsuit against Ready Capital and certain executives is based on violations of federal securities laws for not disclosing material information during the Class Period, which spans from November 7, 2024, to March 2, 2025 [3]. - The case is identified as Quinn v. Ready Capital Corporation, et al., No. 25-cv-1883 [5]. Group 2: Financial Performance - On March 3, 2025, 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 the balance sheet by fully reserving for nonperforming loans [4]. - The company took $284 million in combined Current Expected Credit Loss and valuation allowances to mark non-performing loans to current values [4]. Group 3: Market Reaction - Following the financial results announcement, Ready Capital's share price fell over 26%, closing at $5.07 per share on March 3, 2025, with unusually heavy trading volume [5].