SAN FRANCISCO, April 11, 2025 (GLOBE NEWSWIRE) -- New York-based real estate finance company Ready Capital Corporation (NYSE: RC) is facing heightened scrutiny as it is now the subject of a securities class-action lawsuit. Hagens Berman is investigating the alleged claims and urges investors who purchased Ready Capital shares and suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may assist the firm’s investigation to contact its attorneys. Class Perio ...

NEW YORK, April 11, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed 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 ...

NEW YORK, April 7, 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=140986&from=4 CLASS PERIOD: Novemb ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Ready Capital Corporation due to significant losses reported by investors, particularly related to misleading statements and undisclosed financial issues [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses exceeding $50,000 in Ready Capital between November 7, 2024, and March 2, 2025, to discuss their legal options [1][2]. - A federal securities class action has been filed against Ready Capital, with a deadline of May 5, 2025, for investors to seek the role of lead plaintiff [2][7]. Group 2: Financial Performance and Issues - 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, necessitating decisive actions to stabilize its balance sheet [5]. - The company took $284 million in combined Current Expected Credit Loss (CECL) and valuation allowances to address non-performing loans in its commercial real estate (CRE) portfolio [5]. - Total leverage increased to 3.8x from the previous quarter's 3.3x, indicating a deterioration in financial stability [5]. Group 3: Market Reaction - Following the announcement of its financial results, Ready Capital's stock price fell by $1.86, or 26.8%, closing at $5.07 per share on March 3, 2025, amid unusually heavy trading volume [6].

SAN FRANCISCO, April 03, 2025 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against Ready Capital Corporation (NYSE: RC) after the company reported dismal financial results and shed light on its true asset quality. The suit, captioned Quinn v. Ready Capital Corporation, et al., No. 1:25-cv-01883 (S.D.N.Y.), seeks to represent investors who purchased shares of Ready Capital between November 7, 2024 and March 2, 2025. Hagens Berman is investigating the alleged claims and urges investors ...

NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed 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 ...

NEW YORK, April 3, 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=140403&from=4CLASS PERIOD: Novembe ...

RC Investors with Losses Encouraged to Contact the FirmSAN FRANCISCO, April 2, 2025 /PRNewswire/ -- A securities class action lawsuit has been filed against Ready Capital Corporation (NYSE: RC) after the company reported dismal financial results and shed light on its true asset quality. The suit, captioned Quinn v. Ready Capital Corporation, et al., No. 1:25-cv-01883 (S.D.N.Y.), seeks to represent investors who purchased shares of Ready Capital between November 7, 2024 and March 2, 2025.Hagens Berman is inv ...

WHAT TO DO NEXT: To join the Ready Capital class action, go to https://rosenlegal.com/submit-form/? case_id=36512 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 5, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage in ...

As alleged, Ready Capital misrepresented the credit performance of its loans, stating that its "CRE portfolio is showing stabilizing credit metrics" and that it was "well positioned to capitalize on the tailwinds in the CRE market." In reality, Ready Capital's CRE portfolio was plagued by non-performing loans and its CRE portfolio had not stabilized. NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Ready Capit ...