Investors in Ready Capital Corporation Should Contact The Gross Law Firm Before May 5, 2025 to Discuss Your Rights - RC

1. Class action lawsuit announced for Ready Capital shareholders from August 2024 to March 2025. 2. Allegations include misleading statements about non-performing loans and financial stability. 3. Shareholders encouraged to register for potential lead plaintiff appointment by May 5, 2025. 4. Legal claims suggest significant negative impacts on Ready Capital's financial performance. 5. Firm seeks recovery for investors affected by false information and inflated stock value.

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FAQ

Why Very Bearish?

The class action lawsuit highlights significant financial misrepresentation risks, potentially leading to stock depreciation, similar to past instances like the PG&E bankruptcy in 2019. Potential non-collection of loans indicates a severe operational risk.

How important is it?

The severity of the allegations and their potential to reflect poor management decisions could significantly harm shareholder confidence and valuation.

Why Short Term?

Legal proceedings can quickly impact investor sentiment and market perception, evidenced by similar lawsuits causing immediate stock declines, like with Tesla's lawsuits in recent years.

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NEW YORK, May 5, 2025 /PRNewswire/ --

The Gross Law Firm issues the following notice to shareholders of Ready Capital Corporation (NYSE: RC).

Shareholders who purchased shares of RC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE: https://securitiesclasslaw.com/securities/ready-capital-corporation-loss-submission-form/?id=146592&from=4

CLASS PERIOD: August 8, 2024 to March 2, 2025

ALLEGATIONS:

The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) significant non-performing loans in its CRE portfolio were not likely to be collectible; (2) Ready Capital would fully reserve these problem loans in order to "stabilize" its CRE portfolio; (3) this was not accurately reflected in Ready Capital's current expected credit loss or valuation allowances; (4) as a result, the Company's financial results would be adversely affected; and (5), as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

DEADLINE:

May 5, 2025. Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/ready-capital-corporation-loss-submission-form/?id=146592&from=4

NEXT STEPS FOR SHAREHOLDERS:

Once you register as a shareholder who purchased shares of RC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 5, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

SOURCE:

Gross Law Firm