RC Investors Have Opportunity to Lead Ready Capital Corporation Securities Fraud Lawsuit with the Schall Law Firm

Core Viewpoint - A class action lawsuit has been filed against Ready Capital Corporation for alleged violations of securities laws, specifically related to misleading statements about its financial health and non-performing loans in its commercial real estate portfolio [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Ready Capital securities between November 7, 2024, and March 2, 2025, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Ready Capital - The complaint alleges that Ready Capital made false and misleading statements regarding its financial condition [4]. - The company faced issues with non-performing loans in its commercial real estate portfolio and attempted to stabilize it by fully reserving these loans [4]. - Ready Capital reportedly failed to accurately reflect its expected credit loss and valuation allowances in its financial results, leading to materially misleading public statements [4].