Class Action Lawsuit Alert for Ready Capital Investors: Important Deadline Approaches

Important Notice for Ready Capital Investors

Investors holding shares of Ready Capital Corporation (NYSE: RC) should take note of a significant upcoming deadline concerning a pending class action lawsuit. The Gross Law Firm has actively informed shareholders that they may be eligible to partake in this class action, and the cut-off date for becoming a lead plaintiff is fast approaching—set for May 5, 2025.

Background on Ready Capital's Situation

The class action lawsuit stems from allegations that during the specified class period from November 7, 2024, to March 2, 2025, Ready Capital made materially false declarations. Specifically, the complaint contends that the company failed to disclose crucial information regarding significant non-performing loans in its Commercial Real Estate (CRE) portfolio. Investors were misled by optimistic statements about the company’s financial health, which led to artificially inflated stock prices.

Among the allegations are claims that:
1. Ready Capital was aware of non-collectible loans in its CRE portfolio.
2. The company intended to fully reserve these problem loans to stabilize its portfolio, but this was not disclosed adequately.
3. As a result, the financial outcomes for Ready Capital were negatively impacted, contradicting prior positive statements made by the defendants.

Steps for Investors

Shareholders who purchased shares of Ready Capital during the class period are strongly encouraged to contact The Gross Law Firm. Participation as a lead plaintiff is not a requirement for all who wish to join the class action, but prompt registration is advised to ensure their rights are protected. Registration can be completed through the firm’s designated online submission form, and there are no associated costs or obligations for joining the case.

Additionally, once registered, shareholders will gain access to portfolio monitoring software which will keep them informed of the case’s progress throughout its lifecycle, ensuring that they remain up-to-date.

Why Choose The Gross Law Firm?

The Gross Law Firm stands out as a nationally recognized entity dedicated to defending the rights of investors facing deceit, fraud, and unethical practices in the business realm. Their mission emphasizes corporate responsibility and investor protection, ensuring that corporations adhere to ethical standards in their operations. Investors can feel confident that they are backed by a law firm committed to pursuing justice and recovery.

Contact Information

For those interested in learning more or registering for the class action lawsuit, they can find additional details through the following link: Registration Form. For direct inquiries, reach out to The Gross Law Firm at their New York office: