READY CAPITAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Ready Capital Corporation - RC

Core Viewpoint - Investors in Ready Capital Corporation have until May 5, 2025, to file lead plaintiff applications in securities class action lawsuits due to alleged failures in disclosing material information during the class period from November 7, 2024, to March 2, 2025 [1][3]. Group 1: Legal Actions - Ready Capital and certain executives are charged with violating federal securities laws by failing to disclose material information during the class period [3]. - The first-filed case is Quinn v. Ready Capital Corporation, et al., No. 25-cv-1883, with a subsequent case, Goebel v. Ready Capital Corporation, et al., No. 25-cv-3373, expanding the class period [5]. Group 2: Financial Performance - On March 3, 2025, Ready Capital reported a quarterly net loss of $1.80 per share and a full year 2024 net loss of $2.52 per share, attributed to actions taken to stabilize the balance sheet by reserving for nonperforming loans [4]. - The company took $284 million in combined Current Expected Credit Loss and valuation allowances to mark non-performing loans to current values [4]. Group 3: Market Reaction - Following the financial results announcement, Ready Capital's share price declined over 26% to close at $5.07 per share on March 3, 2025, amid unusually heavy trading volume [5].