Class Period Expanded in Ready Capital (RC) Securities Class Action, Investors with Losses Encouraged to Contact Hagens Berman Before May 5th Deadline

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].