Ready Capital (US:RC) GlobeNewswire News Roomยท2025-09-04 20:51Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Ready Capital Corporation due to a class action complaint alleging breaches of fiduciary duties by the company's board of directors during a specified class period [1][2]. Group 1: Legal Investigation - The law firm is encouraging long-term stockholders of Ready Capital who suffered losses between November 7, 2024, and March 2, 2025, to discuss their legal rights [1]. - A class action complaint was filed on March 6, 2025, alleging that the board made materially false and misleading statements regarding the company's business and operations [2]. Group 2: Allegations Against Ready Capital - The complaint claims that significant non-performing loans in Ready Capital's commercial real estate (CRE) portfolio were unlikely to be collectible, which was not disclosed to investors [2]. - It is alleged that Ready Capital would fully reserve these problem loans to stabilize its CRE portfolio, and this was not accurately reflected in the company's expected credit loss or valuation allowances [2]. - As a result of these undisclosed issues, the company's financial results were adversely affected, and the positive statements made by the defendants were misleading [2].