READY CAPITAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC 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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Ready Capital Corporation (RC) is facing a securities class action lawsuit alleging failure to disclose material information during the period of November 7, 2024 to March 2, 2025. The company reported substantial financial losses, including a quarterly net loss of $1.80 per share and a full-year net loss of $2.52 per share, resulting from significant loan portfolio reservations. The stock price declined over 26% following these disclosures.
March 21, 2025 | 2:15 am
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NEGATIVE IMPACT
The securities class action lawsuit and significant financial losses could negatively impact Ready Capital's stock performance in the short term.
The lawsuit alleges non-disclosure of material information, and the substantial financial losses ($284M in reserves) suggest potential ongoing financial challenges for the company.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100