READY CAPITAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Ready Capital Corporation - RC

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NEW ORLEANS, April 23, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against Ready Capital Corporation (the "Company”) (NYSE: RC), if they purchased the Company’s shares between November 7, 2024 and March 2, 2025, inclusive (the "Class Period”).

On March 3, 2025, the Company reported financial results for its fourth quarter and full year 2024, disclosing a quarterly net loss of $1.80 per share and full year 2024 net loss of $2.52 per share due to "decisive actions to stabilize” its "balance sheet going forward by fully reserving for all of our nonperforming loans in our CRE portfolio,” including taking $284 million in combined Current Expected Credit Loss and valuation allowances in order to mark the Company’s non-performing loans to current values, among other actions.

About the Lawsuit Ready Capital and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

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Author / Journalist: SkyMedia, LLC

Category: Technology

Markets: ChinaUnited States

Topics: 2025 Securities Capital Information Ready Class Action Investors Free Claimsfiler Share

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Published On: 2025-04-24 @ 02:50:00 (11 hours ago)

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