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RC Investors Have Opportunity to Lead Ready Capital Corporation Securities Fraud Lawsuit

1. A class action lawsuit has been filed against Ready Capital Corporation (RC). 2. The lawsuit alleges misleading statements about non-performing loans and financial performance. 3. Investors can join the class action at no upfront cost. 4. Key dates include the class period from November 7, 2024 to March 2, 2025. 5. A lead plaintiff must be designated by May 5, 2025.

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FAQ

Why Bearish?

Class action lawsuits often create negative sentiment; RC may face significant liabilities, affecting investor confidence.

How important is it?

The lawsuit's implications on financial disclosures can impact investor perception and RC’s market valuation.

Why Short Term?

The immediate threat of litigation can influence stock price volatility until resolved.

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RCCBKBAC
, /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of purchasers of common stock of Ready Capital Corporation (NYSE: RC) between November 7, 2024 and March 2, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 5, 2025. So what: If you purchased Ready Capital securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the Ready Capital class action, go to https://rosenlegal.com/submit-form/?case_id=36512 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 5, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) significant non-performing loans in its commercial real estate ("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, Ready Capital's financial results would be adversely affected; and (5) as a result of the foregoing, Ready Capital's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. To join the Ready Capital class action, go to https://rosenlegal.com/submit-form/?case_id=36512 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/. Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information:       Laurence Rosen, Esq.      Phillip Kim, Esq.      The Rosen Law Firm, P.A.      275 Madison Avenue, 40th Floor      New York, NY 10016      Tel: (212) 686-1060      Toll Free: (866) 767-3653      Fax: (212) 202-3827      [email protected]      www.rosenlegal.com SOURCE THE ROSEN LAW FIRM, P. A. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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