Final Reminder for Investors: Participate in Ready Capital Corporation Securities Lawsuit led by Schall Law Firm

Investors Take Note: Final Call for the Ready Capital Corporation Lawsuit

The Schall Law Firm, known for its commitment to protecting shareholder rights across the nation, is reaching out to investors with a critical reminder. If you purchased securities from Ready Capital Corporation (NYSE: RC) between November 7, 2024, and March 2, 2025, you might want to consider joining a class action lawsuit filed against the company for alleged securities fraud.

Important Details of the Case

The lawsuit centers around significant violations of the Securities Exchange Act of 1934, specifically under sections §§10(b) and 20(a), and Rule 10b-5 as enforced by the U.S. Securities and Exchange Commission. According to the allegations, Ready Capital is accused of misleading its investors by providing false statements regarding its financial health, especially concerning its commercial real estate portfolio, which was burdened by non-performing loans.

Background of the Allegations

Ready Capital reportedly attempted to stabilize its commercial real estate portfolio by reserving fully for the non-performing loans, yet did not accurately disclose its current expected credit losses and the corresponding valuation allowances in financial reporting. This lack of transparency raised serious concerns about the integrity of the company's public financial statements during the class period.

The complaint claims that these misleading statements led to significant losses among shareholders once the truth about Ready Capital's financial status became public. The shareholders, who rightfully expected the company to operate transparently, found themselves at a loss when it was revealed the company had not accurately depicted its credit problems.

The Call for Action

Investors are encouraged to take action before the deadline of May 5, 2025. Those who sustained losses due to Ready Capital's alleged misrepresentation of financial conditions can reach out to the Schall Law Firm to explore their rights and potential recovery options through this class lawsuit. Free consultations are available, offering a chance to understand the implications of the lawsuit without any financial obligation upfront.

You can contact Brian Schall directly at the Schall Law Firm, located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, by phone at 310-301-3335, or visit their website at www.schallfirm.com.

Moving Forward

Investors who choose to act and join the class will have representation. However, if no action is taken, investors remain absent class members, potentially forfeiting their opportunity to recover losses. As the case progresses, the class has yet to be certified, meaning it’s crucial for affected shareholders to make their voices heard as soon as possible.

This situation serves as a timely reminder for all investors about the importance of conducting thorough due diligence and staying informed about their investments. With opportunities to recover losses on the line, it’s essential to engage with experienced legal counsel to navigate the complexities of securities law effectively.

The Schall Law Firm specializes in representing investors across various financial sectors and has a proven record in securities class action lawsuits. Don’t miss your chance to advocate for your rights as a shareholder.