1. Shareholders are urged to participate in a class action lawsuit against RC. 2. Allegations include misleading statements regarding non-performing loans in CRE portfolio. 3. RC's financial results and positive statements may have been materially misleading. 4. Class period runs from August 8, 2024, to March 2, 2025. 5. Deadline for lead plaintiff registration is May 5, 2025.
The allegations point to significant undisclosed risks in RC’s business model, reminiscent of past financial mismanagement cases that led to stock price declines. For example, companies like Enron faced severe repercussions after similar allegations surfaced.
The relevance of the legal action and its potential financial implications make this a significant risk factor for RC, affecting both investor confidence and stock price.
The implications of a class action and potential financial impacts are immediate as the May 5, 2025, deadline approaches, which could lead to investor panic and rapid sell-offs.
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.
August 8, 2024 to March 2, 2025
The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that:
May 5, 2025. Shareholders should not delay in registering for this class action. Register your information here:
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.
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.
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SOURCE The Gross Law Firm