Ready Capital Corporation (RC) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

Core Viewpoint - Investors in Ready Capital Corporation have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of undisclosed financial issues within the company [1][2]. Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that from November 7, 2024, to March 2, 2025, Ready Capital failed to disclose significant non-performing loans in its commercial real estate (CRE) portfolio that were unlikely to be collectible [3]. - It is claimed that Ready Capital would fully reserve these problematic loans to "stabilize" its CRE portfolio, which was not accurately reflected in the company's expected credit loss or valuation allowances [3]. - The lawsuit asserts that these undisclosed issues adversely affected the company's financial results and that the positive statements made by the defendants regarding the company's business and prospects were materially misleading [3].