RC LAWSUIT ALERT: The Gross Law Firm Notifies Ready Capital Corporation Investors of a Class Action Lawsuit and Upcoming Deadline

1. Ready Capital shareholders may join class action for misleading statements. 2. Allegations include non-collectible loans not disclosed in financial statements. 3. Complaints claim misleading positive outlook on business operations. 4. Registration deadline for lead plaintiff appointment is May 5, 2025. 5. No cost involved for shareholders participating in the case.

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FAQ

Why Very Bearish?

The allegations of misleading statements can severely undermine investor confidence, similar to past incidents affecting REIT stocks, leading to significant price drops. Historical examples such as the accounting fraud cases of major companies illustrate the long-lasting impact on market perception and stock value.

How important is it?

The nature of the allegations—misleading investors about the company's financial health—holds high significance for stock value. Given the substantial potential for financial restatement or losses, this news could dramatically alter investor outlook.

Why Short Term?

The immediate nature of class action notifications indicates likely short-term market reactivity, as investors often react quickly to allegations of misconduct. Similar instances have shown that legal trouble often leads to swift declines in stock prices.

Related Companies

RC CACC BXMT STWD

NEW YORK, March 20, 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=137093&from=4

CLASS PERIOD:

November 7, 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=137093&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 The Gross Law Firm