Ready Capital (US:RC) Prnewswireยท2025-05-01 09:45Core Viewpoint - The Gross Law Firm is notifying shareholders of Ready Capital Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed issues related to non-performing loans in its commercial real estate (CRE) portfolio [2][4]. Group 1: Allegations and Class Period - The class period for the allegations is from August 8, 2024, to March 2, 2025 [2]. - Allegations include that Ready Capital failed to disclose significant non-performing loans that were unlikely to be collectible and did not accurately reflect these issues in their expected credit loss or valuation allowances [2]. Group 2: Next Steps for Shareholders - Shareholders are encouraged to register for the class action by May 5, 2025, to potentially become lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights against deceit and fraud, ensuring companies adhere to responsible business practices [4].