Overview

A class action lawsuit has been filed against Ready Capital Corporation (“Ready Capital” or the “Company”) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Company’s common stock trades on the New York Stock Exchange under the symbol “RC.”

The Ready Capital class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Ready Capital common stock between November 7, 2024, and March 2, 2025, both dates inclusive (the “Class Period”).

Ready Capital is a real estate finance company which originates, acquires, finances, and services lower-to-middle-market commercial real estate (“CRE”) loans, small business administration loans, residential mortgage loans, and other real estate-related investments.

The Ready Capital class action lawsuit alleges that Defendants, throughout the Class Period, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.  Specifically, Defendants failed to disclose to investors: (1) that significant non-performing loans in its CRE portfolio were not likely to be collectible; (2) that Ready Capital would fully reserve these problem loans in order to “stabilize” its CRE portfolio; (3) that this was not accurately reflected in Ready Capital’s current expected credit loss or valuation allowances; (4) that, as a result, the Company’s financial results would be adversely affected; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

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If you purchased or otherwise acquired Ready Capital common stock between November 7, 2024, and March 2, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the Ready Capital class action lawsuit is May 5, 2025.