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Class Action Alert: Important Notice to Shareholders of Ready Capital Corporation

Attention all shareholders of Ready Capital Corporation (NYSE: RC)! If you acquired shares of RC between November 7, 2024, and March 2, 2025, it is crucial to take immediate action regarding a class action lawsuit initiated by The Gross Law Firm. This notice aims to inform you about the impending May 5, 2025 deadline for registration and the potential for recovery in this case.

Background of the Case

The allegations at the center of this class action revolve around significant discrepancies regarding the company's financial disclosures. There are claims that during the aforementioned class period, the company made misleading statements and failed to disclose critical information to investors, leading to potential financial losses for shareholders. Specifically, it's been alleged that:

1. There were a notable number of non-performing loans within the company's commercial real estate (CRE) portfolio that were unlikely to be collected.
2. Ready Capital intended to fully reserve these problematic loans to stabilize its CRE portfolio, a situation that was not adequately reflected in their current expected credit loss evaluations or valuation allowances.
3. As a direct consequence, expected financial results would suffer declines, contradicting positive expectations previously set by management, which lacked a solid basis.

How to Participate

Shareholders interested in joining this class action and potentially being appointed as lead plaintiff are encouraged to reach out to The Gross Law Firm. Although being a lead plaintiff is not a requirement for participating in any recovery, taking this step is essential.

To register, please follow this link: Ready Capital Corporation Loss Submission Form. After registration, shareholders will benefit from portfolio monitoring software that provides status updates on the case throughout its duration.

No Cost or Obligation

Engaging with this class action comes with no cost or obligation on the part of the shareholder. This means that registering does not require any immediate financial commitment, ensuring all affected parties have access to legal recourse without upfront costs.

Why Choose The Gross Law Firm?

The Gross Law Firm is a highly respected legal entity specializing in class actions. Their commitment is unfaltering when it comes to safeguarding investor rights that have been compromised due to deception, fraudulent activities, or other unlawful business practices. By choosing this firm, you are securing representation that prioritizes ethical corporate governance and responsible business behavior.

For any inquiries regarding this case, shareholders can contact The Gross Law Firm at:

• - Phone: (646) 453-8903
• - Email: [email protected]
• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018

Next Steps

As the deadline of May 5, 2025 approaches, it is imperative for shareholders not to delay in registering for this class action. The timely response can help protect your rights and open pathways for potential recovery. For a detailed overview of the lawsuit and its implications, visit the official submission link.

Stay informed and ensure that your voice is heard as a shareholder of Ready Capital Corporation. Let’s take this crucial step together to safeguard our investments!