Ready Capital Corporation (NYSE: RC)

This lawsuit is for anyone who acquired securities in Ready Capital Corporation (NYSE: RC) from November 7, 2024 through March 2, 2025.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by failing to timely inform investors of non-performing loans.

On March 3, 2025, Ready Capital released its fourth quarter 2024 financial results, significantly missing consensus estimates on EPS and revenue due, in part, to the Company’s need to “stabilize” its balance sheet by “fully reserving for all of [its] non-performing loans in [its] CRE portfolio.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Ready Capital Corporation (NYSE: RC) from November 7, 2024 through March 2, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.