#USA #New York #Class Action #ClaimsFiler #Ready Capital

Important Announcement for Ready Capital Shareholders

Pending a class action lawsuit against Ready Capital Corporation (RC), investors should take note of critical deadlines and actions required to potentially recover losses. ClaimsFiler, a shareholder information service, is reminding those who incurred losses over $100,000 between November 7, 2024, and March 2, 2025, that they have until May 5, 2025, to file lead plaintiff applications. This case has been filed in the United States District Court for the Southern District of New York.

Background of the Lawsuit

The lawsuit claims that Ready Capital and its executives failed to reveal significant information, thus violating federal securities laws during the specified period. Investors were blindsided when the company disclosed its financial results for Q4 and the full year of 2024 on March 3, 2025. The company reported a staggering net loss of $1.80 per share for the quarter and $2.52 per share for the year. This financial downturn was attributed to steps taken to stabilize the company’s balance sheet, which included fully reserving for all non-performing loans in their commercial real estate portfolio.

Following this announcement, the stock price plunged by over 26%, closing at only $5.07 per share on massive trading volume, indicating widespread concern among investors.

How to Proceed

Shareholders wishing to pursue their rights should visit ClaimsFiler's official website or can call their toll-free number at (844) 367-9658 for more information. Legal professionals at Kahn Swick & Foti, LLC are available for consultations to outline possible legal avenues.

About ClaimsFiler

ClaimsFiler aims to provide retail investors with tools and information to help them recover a portion of their investments that may be lost due to class action lawsuits. Investors are encouraged to register for free on their website and receive notifications about relevant securities cases, submit their transactional data, and even request free evaluations of their legal options.

For peace of mind and to ensure your rights are protected, making contact with ClaimsFiler and understanding the intricacies of your options is crucial. Don’t miss your chance to submit claims before the approaching deadline—May 5, 2025. Taking timely action can make a significant difference in the recovery of your losses from this lawsuit against Ready Capital Corporation.