#United States #New York #Gross Law Firm #securities lawsuit #Ready Capital

Legal Action Against Ready Capital Corporation

On March 17, 2025, The Gross Law Firm announced a significant legal notice concerning Ready Capital Corporation (NYSE: RC) for violations related to securities laws. Shareholders who acquired shares during a specified class period are strongly encouraged to reach out for guidance regarding their rights. This notice underscores the importance of shareholder awareness in the event of potential financial misconduct by a publicly traded company.

Class Period Details

The allegations circle around a defined class period, from November 7, 2024, to March 2, 2025. During this time, the defendants, including key executives at Ready Capital, are accused of disseminating materially false or misleading statements to investors. Specifically, they allegedly concealed critical information regarding non-performing loans in its commercial real estate (CRE) portfolio. Such omissions are suggested to have artificially inflated the stock’s value, ultimately misleading investors about the company's true financial health.

Allegations of Misleading Information

The complaint outlines several serious allegations:

• - Concealed Non-Performing Loans: It is claimed that the company failed to disclose that certain significant non-performing loans in its CRE portfolio were unlikely to be collected.
• - Inadequate Reserves: Ready Capital allegedly didn't properly reserve for these problematic loans, which led to a misrepresentation of its financial stability.
• - Impact on Financial Results: The misrepresentation reportedly impacted the company's financial outcomes, leading to misleading statements regarding the company's operations and future prospects.

These allegations represent a substantial concern for shareholders who may feel deceived by the company’s prior affirmations of its economic health and growth potential.

Important Deadlines for Shareholders

For those who invested in Ready Capital during the defined time frame, the deadline to register for participation in this class action is May 5, 2025. Potential plaintiffs are advised to act promptly due to the impending deadline, as failure to do so may limit their ability to recover losses linked to these alleged securities violations.

Next Steps for Interested Shareholders

Once shareholders register their information with The Gross Law Firm, they will benefit from portfolio monitoring software that will provide status updates throughout the duration of the case. Importantly, becoming a lead plaintiff is not a prerequisite for participating in any financial recovery stemming from the case. Shareholders are reminded that there are no associated charges or obligations in registering for the class action.

Why Choose The Gross Law Firm?

The Gross Law Firm, a prominent class-action Attorney Firm, is committed to defending the rights of investors who have suffered due to deceptive practices and corporate negligence. Their mission focuses on ensuring companies act responsibly and maintain transparent communications with investors. For shareholders of Ready Capital, this firm is dedicated to facilitating recovery for losses experienced while investing under potentially false pretenses.

Contact Information

Shareholders with concerns or inquiries can contact The Gross Law Firm directly at:

• - Email: info@grosslawfirm.com
• - Phone: (646) 453-8903
• - Address: 15 West 38th Street, 12th floor, New York, NY 10018

As the legal proceedings unfold, affected shareholders and potential investors should follow updates closely to safeguard their investments and seek possible recovery from their incurred losses.

Conclusion

The allegations aimed at Ready Capital serve as a crucial reminder to all investors about the potential risks involved in stock investment. Discerning the legitimacy of corporate conduct is essential for protecting hard-earned investments, marking the importance of staying informed.