The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ready Capital Corporation (“Ready Capital” or “the Company”) (NYSE: RC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ready Capital suffered from non-performing loans in its commercial real estate (“CRE”) portfolio. The Company attempted to “stabilize” the CRE portfolio by fully reserving these loans. The Company failed to accurately reflect its current expected credit loss and valuation allowances in its financial results. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Ready Capital, investors suffered damages.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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