NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ready Capital investors who were adversely affected by alleged securities fraud between August 8, 2024 and March 2, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/ready-capita ...

NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it has filed a lawsuit against Ready Capital Corporation (NYSE: RC) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/ready-capital-corporation. Investors have until May 5, 2025, to ask the Court to be ...

LOS ANGELES, April 28, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC) investors of a class action representing investors that bought securities between November 7, 2024 and March 2, 2025, inclusive (the "Class Period"). Ready Capital investors have until May 5, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss the ...

NEW YORK, April 28, 2025 (GLOBE NEWSWIRE) -- 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=145086&from=3 CLASS PERIOD ...

NEW YORK, April 27, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it has filed a lawsuit against Ready Capital Corporation (NYSE: RC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/ready-capital-corporation. Investors have until May 5, 2025, to ask the Court to be ...

Core Viewpoint - Investors have until May 5, 2025, to file lead plaintiff applications in securities class action lawsuits against Ready Capital Corporation for failing to disclose material information during the class period from August 8, 2024, to March 2, 2025 [1][3] Company Financials - 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 its balance sheet, including reserving $284 million for nonperforming loans [4] - Following the financial results announcement, Ready Capital's share price dropped over 26% to close at $5.07 per share on March 3, 2025, with unusually heavy trading volume [5] Legal Context - The lawsuits allege that Ready Capital and certain executives violated federal securities laws by not disclosing material information during the class period [3] - The first-filed case is Quinn v. Ready Capital Corporation, et al., and a subsequent case, Goebel v. Ready Capital Corporation, et al., expanded the class period [5] Law Firm Background - Kahn Swick & Foti, LLC is a prominent boutique securities litigation law firm, ranked among the top 10 firms nationally based on total settlement value [5]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Ready Capital Corporation common stock during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the Ready Capital securities is from November 7, 2024, to March 2, 2025, inclusive [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by May 5, 2025 [2]. Group 2: Legal Representation - Investors are encouraged to select qualified counsel with a successful track record in securities class actions [3]. - Rosen Law Firm has a history of significant settlements, including the largest securities class action settlement against a Chinese company at the time [3]. - The firm has consistently ranked highly in securities class action settlements, recovering hundreds of millions for investors [3]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, Ready Capital made false or misleading statements regarding its commercial real estate portfolio [4]. - Specific claims include that significant non-performing loans were not likely to be collectible and that these issues were not accurately reflected in the company's financial statements [4]. - As a result, Ready Capital's financial results were adversely affected, and its positive statements about business prospects were misleading [4].

Core Viewpoint - Ready Capital Corporation is facing increased investor scrutiny due to two securities class-action lawsuits that question its financial reporting and have led to a significant decline in its stock price [1][5]. Group 1: Lawsuit Details - The second lawsuit, Goebel v. Ready Capital Corporation, alleges an expanded class period from August 8, 2024, to March 2, 2025, representing investors who acquired Ready Capital common stock during this timeframe [2][3]. - The lawsuit accuses Ready Capital and its executives of violating federal securities laws by misleading investors about the company's credit metrics and downplaying issues in its commercial real estate loan portfolio [3][4]. Group 2: Financial Performance - On March 3, 2025, Ready Capital reported a fourth-quarter net loss of $1.80 per share and a full-year loss of $2.52 per share for 2024, attributing these losses to a $284 million reserve for underperforming commercial real estate loans [4]. - Following this announcement, Ready Capital's shares plummeted nearly 27%, significantly impacting shareholder equity and raising concerns about the company's risk management practices [5]. Group 3: Investigation and Implications - Hagens Berman has initiated an investigation into Ready Capital's financial disclosures during the class period, urging affected investors to come forward [6][7]. - The investigation aims to determine if Ready Capital intentionally obscured the severity of its non-performing loans, which were not accurately reflected in its financial reporting [7].

NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that it has filed a lawsuit against Ready Capital Corporation (NYSE: RC) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Ready Capital, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/ready-capital-corporation. Investors have until May 5, 2025, to ask the Court to be ...

NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Ready Capital investors who were adversely affected by alleged securities fraud between November 7, 2024 and March 2, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/ready-capi ...