#United States #Los Angeles #Schall Law Firm #Securities Fraud #Ready Capital

An Urgent Reminder to Ready Capital Investors

Investors holding shares in Ready Capital Corporation (NYSE: RC) are being reminded of a crucial opportunity to join a class action lawsuit regarding alleged securities fraud. The Schall Law Firm, a prominent firm specializing in shareholder rights and securities litigation, is leading this initiative. This lawsuit pertains to significant violations under the Securities Exchange Act of 1934, specifically concerning false and misleading statements made by the company during the class period from November 7, 2024, to March 2, 2025.

Key Details of the Case

According to the formal complaint, Ready Capital falsely represented its financial status concerning its commercial real estate (CRE) portfolio. Investors will recall that the firm's performance was notably impacted by non-performing loans within this portfolio. In an attempt to stabilize the situation, Ready Capital implemented full reserves for these troubled loans. However, they failed to provide an accurate reflection of their expected credit loss reserves and valuation allowances. Such misrepresentations compromised the integrity of their financial reporting.

These actions resulted in material misstatements that misled investors, causing them significant financial damage once the true state of affairs was disclosed. The urgency of this case is underscored by the impending deadline for investors to express their interest in joining the lawsuit, which is set for May 5, 2025. Investors who bought shares during the designated class period are particularly urged to reach out to the Schall Law Firm for more information on their options.

How to Participate

Eligible shareholders who believe they have endured losses due to these securities violations can contact Brian Schall at the Schall Law Firm. You can reach him at the Los Angeles office located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, or call 310-301-3335. There’s also an option to connect via the firm's website www.schallfirm.com or through email at [email protected].

It’s important to note that the class has yet to be certified, meaning that if no action is taken, interested parties will remain as absent class members and may not have representation in this case.

Call to Action

This is an important moment for affected investors. By joining this class action, you can participate in seeking recovery for your incurred losses. The Schall Law Firm is committed to representing investors worldwide, specializing in securities class actions and shareholder rights litigation.

This announcement not only serves as a reminder but also as a guiding beacon for investors who may have been affected by the company's alleged misconduct. Take action now before the deadline passes.

Conclusion

In light of these circumstances, every investor's voice matters. The law firm emphasizes the significance of shareholder advocacy, asserting that empowered investors can create a stronger market environment. Therefore, if you've been affected, seize this opportunity to advocate for your rights and seek redress through this upcoming class action lawsuit.