INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
Portfolio Pulse from
Ready Capital Corporation (RC) is facing a class action lawsuit after reporting substantial financial losses in Q4 2024. The company disclosed a net loss of $1.80 per share for the quarter and $2.52 per share for the full year. RC took $284 million in credit loss and valuation allowances, and its total leverage increased from 3.3x to 3.8x. The stock price dropped 26.84% following these announcements.
March 27, 2025 | 10:15 pm
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NEGATIVE IMPACT
Potential securities fraud lawsuit and significant financial losses could negatively impact Ready Capital's stock performance in the short term.
The class action lawsuit, combined with substantial financial losses and increased leverage, suggests significant short-term negative pressure on RC's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100