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READY CAPITAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Ready Capital Corporation - RC

1. Ready Capital faces a class action lawsuit for failing to disclose information. 2. The lawsuit pertains to shares purchased between November 7, 2024, and March 2, 2025. 3. RC reported a quarterly net loss of $1.80 per share on March 3, 2025. 4. RC's stock price declined over 26% following the financial results announcement. 5. Investors have until May 5, 2025, to apply as lead plaintiffs.

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FAQ

Why Bearish?

The significant stock price drop and losses indicate investor uncertainty, forecasting further declines like past cases of securities lawsuits affecting similar firms.

How important is it?

The ongoing lawsuit and significant stock price drop could drive decreased investor confidence, directly influencing RC's market perception and trading behavior.

Why Short Term?

Immediate investor anxiety regarding the lawsuit will likely impact stock price in the near term, similar to prior securities class actions that delivered swift outcomes.

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NYSE: RCNYSE: CCHWNYSE: STT
NEW YORK and NEW ORLEANS, March 14, 2025 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against Ready Capital Corporation (the "Company") (NYSE: RC), if they purchased the Company's shares between November 7, 2024 and March 2, 2025, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York. What You May Do If you purchased shares of Ready Capital and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-rc/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 5, 2025. About the Lawsuit Ready Capital and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On March 3, 2025, the Company reported financial results for its fourth quarter and full year 2024, disclosing a quarterly net loss of $1.80 per share and full year 2024 net loss of $2.52 per share due to "decisive actions to stabilize" its "balance sheet going forward by fully reserving for all of our nonperforming loans in our CRE portfolio," including taking $284 million in combined Current Expected Credit Loss and valuation allowances in order to mark the Company's non-performing loans to current values, among other actions. On this news, the price of Ready Capital's shares declined more than 26% to close at $5.07 per share on March 3, 2025, on unusually heavy trading volume. The case is Quinn v. Ready Capital Corporation, et al., No. 25-cv-1883. About Kahn Swick & Foti, LLC KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg. To learn more about KSF, you may visit www.ksfcounsel.com. Contact: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner [email protected] 1-877-515-1850 1100 Poydras St., Suite 960 New Orleans, LA 70163 SOURCE Kahn Swick & Foti, LLC

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