The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of May 5, 2025 in Ready Capital Corporation Lawsuit – RC

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].