#United States #New York #Class Action #Gross Law Firm #Ready Capital

Attention all Ready Capital Corporation Shareholders

Investors who have purchased shares in Ready Capital Corporation (NYSE: RC) during the class period from August 8, 2024, to March 2, 2025, should take actionable steps before May 5, 2025. The Gross Law Firm has issued a crucial notice to shareholders, urging them to connect with the firm to discuss their legal rights and responsibilities.

Why You Should Contact The Gross Law Firm

The Gross Law Firm is dedicated to advocating for investors who believe they were misled by the company’s public statements. Allegations have emerged claiming that Ready Capital made substantially misleading statements regarding its financial health. Specifically, shareholders have raised concerns that the company failed to adequately disclose the existence of significant non-performing loans within its Commercial Real Estate (CRE) portfolio, which may not be collectible. Such omissions are detrimental to investor interests, as they likely contributed to an unrealistic inflation of the company's stock value.

Key Allegations Against Ready Capital

1. Non-Performing Loans: The firm allegedly did not disclose critical information pertaining to numerous non-performing loans in its CRE portfolio, misrepresenting the risk associated with these loans.
2. Financial Misrepresentation: Further allegations suggest that the company falsely proclaimed stability in its financial results and did not accurately reflect its expected credit loss or valuation allowances, leading to the misleading impression of the company's business health.
3. Misleading Communication: As a result of these actions, the favorable statements made by the company regarding its operations, business prospects, and overall performance were deemed materially misleading.

What Should Shareholders Do?

If you purchased shares of Ready Capital during the stated class period, you are encouraged to get in touch with The Gross Law Firm without delay. It is critical to register your information as soon as possible in order to participate in any potential class action. Participation in this class action does not require a lead plaintiff appointment, and the firm is prepared to guide you through the process—at no cost to you.

Important Dates and Information

• - Deadline for Action: May 5, 2025. It is imperative to act swiftly in asserting your potential claims.
• - Next Steps: After registering, shareholders will receive updates regarding the status of the lawsuit and any obligations associated with it.
• - No Cost to Participate: There is no obligation or cost for shareholders to become involved in this case.

Why Choose The Gross Law Firm?

The Gross Law Firm is nationally recognized for its commitment to serving shareholders and has built a reputation for advocating fiercely for the rights of investors who may have suffered due to misrepresentations. Their mission is to pursue justice and financial recovery on behalf of those affected by corporate deceit and illegal practices.

Every investor deserves to have their voice heard, and The Gross Law Firm stands ready to assist you in this endeavor. Those with inquiries can contact The Gross Law Firm directly via email at [email protected] or by calling (646) 453-8903.

Investing undoubtedly involves risk, but staying informed and proactive can help protect against potential losses. Don’t wait - act now to secure your rights as a shareholder before the impending deadline.