ROSEN, LEADING INVESTOR COUNSEL, Encourages Ready Capital Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – RC

Core Viewpoint - A class action lawsuit has been filed against Ready Capital Corporation for misleading statements regarding its financial health and non-performing loans during the specified Class Period from November 7, 2024, to March 2, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Ready Capital made false and/or misleading statements about significant non-performing loans in its commercial real estate portfolio, which were not likely to be collectible [5]. - It is alleged that Ready Capital would fully reserve these problem loans to stabilize its portfolio, but this was not accurately reflected in its expected credit loss or valuation allowances [5]. - As a result of these issues, Ready Capital's financial results were adversely affected, and its positive statements about the company's business and prospects were materially misleading [5]. Group 2: Class Action Participation - Shareholders who purchased Ready Capital securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must move the Court by May 5, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].