The Gross Law Firm Notifies Shareholders of Ready Capital Corporation(RC) of a Class Action Lawsuit and an Upcoming Deadline

1. Ready Capital faces class action for misleading statements on loan valuation. 2. Allegations include undisclosed non-performing loans in its CRE portfolio. 3. Company's financial results adversely affected due to inaccurate disclosures. 4. Shareholders are urged to register by May 5, 2025, for potential recovery. 5. Gross Law Firm represents investors in seeking recovery for losses.

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FAQ

Why Bearish?

Misleading statements and undisclosed non-performing loans indicate financial instability, impacting investor confidence. Historically, similar issues have led to significant stock price declines in affected companies.

How important is it?

The lawsuit directly targets misleading financial disclosures that could significantly influence stock performance and investor relations.

Why Short Term?

The immediate legal battle can affect investor sentiment and trading behavior. Past class actions have caused short-term volatility for involved stocks.

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NEW YORK, March 24, 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=137707&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:

significant non-performing loans in its CRE portfolio were not likely to be collectible;
Ready Capital would fully reserve these problem loans in order to "stabilize" its CRE portfolio;
this was not accurately reflected in Ready Capital's current expected credit loss or valuation allowances;
as a result, the Company's financial results would be adversely affected; and
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=137707&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