Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Ready Capital Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed information related to non-performing loans in its commercial real estate (CRE) portfolio [1]. Summary by Sections Allegations - The complaint alleges that during the class period from November 7, 2024, to March 2, 2025, Ready Capital Corporation made materially false and misleading statements [1]. - Key allegations include: 1. Significant non-performing loans in its CRE portfolio were unlikely to be collectible 2. Ready Capital intended to fully reserve these problem loans to stabilize its CRE portfolio 3. This situation was not accurately reflected in the company's expected credit loss or valuation allowances 4. Consequently, the company's financial results would be adversely affected 5. Positive statements made by the defendants regarding the company's business and prospects were materially misleading [1]. Next Steps for Shareholders - Shareholders who purchased shares during the specified class period are encouraged to register for the class action by May 5, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2]. About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].

Core Viewpoint - Investors in Ready Capital Corporation have until May 5, 2025, to file lead plaintiff applications in a securities class action lawsuit due to alleged failure to disclose material information during the Class Period [1][3]. Group 1: Lawsuit Details - The lawsuit against Ready Capital and certain executives is based on violations of federal securities laws for not disclosing material information during the Class Period, which spans from November 7, 2024, to March 2, 2025 [3]. - The case is identified as Quinn v. Ready Capital Corporation, et al., No. 25-cv-1883 [5]. Group 2: Financial Performance - On March 3, 2025, Ready Capital reported a quarterly net loss of $1.80 per share and a full year 2024 net loss of $2.52 per share, attributed to actions taken to stabilize the balance sheet by fully reserving for nonperforming loans [4]. - The company took $284 million in combined Current Expected Credit Loss and valuation allowances to mark non-performing loans to current values [4]. Group 3: Market Reaction - Following the financial results announcement, Ready Capital's share price fell over 26%, closing at $5.07 per share on March 3, 2025, with unusually heavy trading volume [5].

Core Viewpoint - A class action lawsuit has been filed against Ready Capital Corporation for misleading statements regarding its financial health and non-performing loans during the specified Class Period from November 7, 2024, to March 2, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Ready Capital made false and/or misleading statements about significant non-performing loans in its commercial real estate portfolio, which were not likely to be collectible [5]. - It is alleged that Ready Capital would fully reserve these problem loans to stabilize its portfolio, which was not accurately reflected in its expected credit loss or valuation allowances [5]. - The misleading statements resulted in adverse effects on Ready Capital's financial results, impacting the company's positive outlook on its business and operations [5]. Group 2: Participation Information - Shareholders who purchased Ready Capital securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly for more information [3][6]. - A lead plaintiff must file a motion with the court by May 5, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].

Core Viewpoint - A class action lawsuit has been filed against Ready Capital Corporation for misleading statements regarding its financial health and non-performing loans during the specified Class Period from November 7, 2024, to March 2, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Ready Capital made false and/or misleading statements about significant non-performing loans in its commercial real estate portfolio, which were not likely to be collectible [5]. - It is alleged that Ready Capital would fully reserve these problem loans to stabilize its portfolio, but this was not accurately reflected in its expected credit loss or valuation allowances [5]. - As a result of these issues, Ready Capital's financial results were adversely affected, and its positive statements about the company's business and prospects were materially misleading [5]. Group 2: Class Action Participation - Shareholders who purchased Ready Capital securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must move the Court by May 5, 2025, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].

SAN DIEGO, March 11, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Ready Capital Corporation (NYSE: RC) common stock between November 7, 2024 and March 2, 2025, both dates inclusive (the "Class Period"), have until May 5, 2025 to seek appointment as lead plaintiff of the Ready Capital class action lawsuit.  Captioned Quinn v. Ready Capital Corporation, No. 25-cv-01883 (S.D.N.Y.), the Ready Capital class action lawsuit charges Ready Capital as well as certain ...

NEW YORK, March 11, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Ready Capital Corporation ("Ready" or the "Company") (NYSE: RC). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether Ready and certain of its officers ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Ready Capital To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $50,000 in Ready Capital between November 7, 2024 and March 2, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, March 11, 2 ...

Core Viewpoint - A class action lawsuit has been filed against Ready Capital Corporation for allegedly misleading investors regarding the collectability of certain loans in its commercial real estate portfolio [1][2]. Company Overview - Ready Capital Corporation is a real estate finance company that focuses on originating, acquiring, financing, and servicing lower-to-middle-market commercial real estate loans, small business administration loans, residential mortgage loans, and other real estate-related investments [1]. Allegations - The lawsuit claims that during the class period, Ready Capital failed to disclose significant non-performing loans in its commercial real estate portfolio that were unlikely to be collectible [2]. - It is alleged that the company fully reserved these problem loans to stabilize its portfolio, which was not accurately reflected in its expected credit loss or valuation allowances [2]. - Consequently, the company's financial results were adversely affected, leading to a significant net loss reported for the fourth quarter and full year of 2024 [2]. Financial Performance - On March 3, 2025, Ready Capital reported a fourth quarter net loss of $1.80 per share and a full year net loss of $2.52 per share for 2024 [3]. - Following the announcement of these losses and the decision to reserve for non-performing loans, Ready Capital's stock price dropped by $1.86, or 26.8%, closing at $5.07 per share [3].

Core Viewpoint - The Ready Capital Corporation is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims that the company misrepresented its financial health during a specific period [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Quinn v. Ready Capital Corporation, and it involves purchasers of Ready Capital common stock from November 7, 2024, to March 2, 2025 [1]. - Investors have until May 5, 2025, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that Ready Capital made false or misleading statements regarding the collectability of significant non-performing loans in its commercial real estate portfolio [3]. Group 2: Financial Impact and Company Performance - On March 3, 2025, Ready Capital reported a fourth quarter 2024 net loss of $1.80 per share and a full year 2024 net loss of $2.52 per share, attributing this to the need for decisive actions to stabilize its balance sheet [4]. - The company took $284 million in combined Current Expected Credit Loss and valuation allowances to adjust the value of its non-performing loans [4]. - Following the announcement of these financial results, Ready Capital's stock price fell nearly 27% [4]. Group 3: Legal Representation and Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Ready Capital common stock during the class period to seek appointment as lead plaintiff [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm to litigate the case [5]. Group 4: About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in such cases [6]. - The firm has been ranked 1 in securing monetary relief for investors in six out of the last ten years [6].

Core Viewpoint - UDF IV shareholders have approved the merger with Ready Capital Corporation, marking a significant milestone for UDF IV and its shareholders, with expectations of immediate value and long-term potential from the transaction [1][2]. Company Overview - United Development Funding IV (UDF IV) is a Maryland real estate investment trust focused on generating current interest income through secured loans and profits from residential real estate investments [3]. Merger Details - The merger was approved at a Special Meeting where 18,781,459 shares, or 61.2% of the total 30,677,003 shares, were voted. Approximately 58.3% of the outstanding shares voted in favor, representing 95.3% of the votes cast [2][4]. - The merger is expected to close in the first quarter of 2025, pending customary closing conditions [2][4].