NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capital Corporation (NYSE: RC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/ready-capital-corporation. Investors have until May 5, 2025, to ask the Court to ...

NEW YORK, April 19, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capital Corporation (NYSE: RC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/ready-capital-corporation. Investors have until May 5, 2025, to ask the Court to ...

Core Viewpoint - Ready Capital Corporation is facing increased investor scrutiny due to a securities class-action lawsuit that questions its financial reporting and has led to a significant drop in its stock price [1][5]. Financial Performance - Ready Capital reported a fourth-quarter net loss of $1.80 per share and a full-year loss of $2.52 per share for 2024, attributing these losses to a $284 million reserve for underperforming commercial real estate (CRE) loans [4]. - The company also halved its quarterly dividend and experienced a sharp decline in book value [4]. Legal Issues - The lawsuit, filed under the case name Quinn v. Ready Capital Corporation, accuses the company and its executives of violating federal securities laws by allegedly downplaying issues in its CRE loan portfolio [2][3]. - Plaintiffs claim that from November 2024 to early March 2025, Ready Capital made misleading statements and omitted critical information regarding non-performing loans and credit loss allowances [3]. Market Reaction - Following the announcement of its financial losses, Ready Capital's shares plummeted nearly 27%, raising concerns about the company's risk management and disclosure practices [5]. Investigation - Hagens Berman, a law firm specializing in corporate accountability, is actively investigating Ready Capital's financial disclosures during the class period and is encouraging affected investors to come forward [6][7].

SAN FRANCISCO, April 16, 2025 (GLOBE NEWSWIRE) -- New York-based real estate finance company Ready Capital Corporation (NYSE: RC) is facing heightened scrutiny as it is now the subject of a securities class-action lawsuit. Hagens Berman is investigating the alleged claims and urges investors who purchased Ready Capital shares and suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may assist the firm's investigation to contact its attorneys. This allege ...

NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capital Corporation (NYSE: RC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases-investigations/ready-capital-corporation Investors have until May 5, 2025, to ask the Court to ...

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capital Corporation (NYSE: RC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/ready-capital-corporation. Investors have until May 5, 2025, to ask the Court to ...

As alleged, Ready Capital misrepresented the credit performance of its loans, stating that its "CRE portfolio is showing stabilizing credit metrics" and that it was "well positioned to capitalize on the tailwinds in the CRE market." In reality, Ready Capital's CRE portfolio was plagued by non-performing loans and its CRE portfolio had not stabilized. NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capit ...

NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capital Corporation (NYSE: RC) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/ready-capital-corporation. Investors have until May 5, 2025, to ask the Court to ...

Core Insights - Greystone has provided $15.4 million in Fannie Mae DUS financing to refinance two multifamily properties totaling 253 units in Wisconsin and Illinois [1][2] - The financing includes non-recourse, fixed-rate loans with a seven-year term and a 30-year amortization schedule, featuring interest-only payments for the entire loan term [2] - The properties financed are Geneva Meadows Apartments (108 units) in Lake Geneva, Wisconsin, and Antioch Manor Apartments (145 units) in Antioch, Illinois, each receiving $7.7 million [4] Company Overview - Greystone is a national commercial real estate finance company recognized as a leader in multifamily and healthcare finance, ranking as a top lender for FHA, Fannie Mae, and Freddie Mac [3] - The company operates through various affiliates, including Greystone Servicing Company LLC and Greystone Funding Company LLC [3]

SAN DIEGO, March 25, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Ready Capital Corporation (NYSE: RC) common stock between November 7, 2024 and March 2, 2025, inclusive (the "Class Period"), have until Monday, May 5, 2025 to seek appointment as lead plaintiff of the Ready Capital class action lawsuit.  Captioned Quinn v. Ready Capital Corporation, No. 25-cv-01883 (S.D.N.Y.), the Ready Capital class action lawsuit charges Ready Capital and c ...