READY CAPITAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Ready Capital Corporation - RC

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$5.07 per share on March 3, 2025, with unusually heavy trading volume [5].