RC ALERT: Ready Capital (NYSE:RC) Investors are Reminded of Pending Securities Fraud Class Action – Contact BFA Law by May 5 Deadline

Core Viewpoint - A lawsuit has been filed against Ready Capital Corporation and its senior executives for potential violations of federal securities laws, focusing on misrepresentation of the company's financial health due to non-performing loans in its commercial real estate portfolio [1][2][4]. Group 1: Company Overview - Ready Capital is a real estate finance company that originates, acquires, finances, and services lower-to-middle-market commercial real estate loans, small business administration loans, and other real estate-related investments [3]. Group 2: Legal Allegations - The lawsuit alleges that the defendants misrepresented the severe impact of significant non-performing loans on Ready Capital's business, which were not accurately reflected in the company's expected credit loss or valuation allowances [4]. - The complaint is filed under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Ready Capital stock [2]. Group 3: Financial Impact - On March 3, 2025, Ready Capital announced a financial charge of $382 million, including $284 million related to non-performing loans, and a reduction in its dividend to $0.125 per share [5]. - Following this announcement, Ready Capital's stock price fell nearly 27%, from $6.93 per share on February 28, 2025, to $5.07 per share on March 3, 2025 [6].