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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC

1. Pomerantz LLP filed a class action lawsuit against Ready Capital Corporation. 2. The lawsuit alleges securities fraud and other unlawful business practices. 3. Ready Capital reported significant losses and increased leverage recently. 4. Stock price fell 26.84% following the announcement of poor financial results. 5. Investors can apply to be Lead Plaintiff by May 5, 2025.

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Why Very Bearish?

The news highlights serious allegations against RC, impacting investor confidence. Similar cases have led to prolonged stock declines in the past.

How important is it?

The class action lawsuit indicates potential risks to RC and may lead to increased scrutiny. The significant drop in stock price post-announcement reflects heightened investor concern.

Why Short Term?

The immediate implications of the lawsuit and stock drop are likely to influence RC's price quickly. Investors will reassess the company's viability as the case unfolds.

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CIMAGNCNYMT
NEW YORK, March 11, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Ready Capital Corporation ("Ready" or the "Company") (NYSE: RC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Ready and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until May 5, 2025 to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Ready securities during the Class Period. A copy of the Complaint can be obtained at www.pomerantzlaw.com. [Click here for information about joining the class action] On March 3, 2025, Ready Capital announced its fourth quarter and full year 2024 financial results, reporting fourth quarter 2024 net loss of $1.80 per share and full year 2024 net loss of $2.52 per share. The Company explained had to take "decisive actions to stabilize" its "balance sheet going forward by fully reserving for all of our nonperforming loans in our CRE portfolio." This included, among other actions, taking $284 million in combined Current Expected Credit Loss ("CECL") and valuation allowances in order to mark the Company's non-performing loans to current values. The Company further revealed that its total leverage increased to "3.8x," up from the prior quarter's total leverage of "3.3x." On this news, Ready's stock price fell $1.86 per share, or 26.84%, to close at $5.07 per share on March 3, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP[email protected]646-581-9980 ext. 7980 SOURCE Pomerantz LLP

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