NEW YORK and NEW ORLEANS, April 11, 2025 — Kahn Swick & Foti, LLC (“KSF”) and KSF partner Charles C. Foti, Jr., former Attorney General of Louisiana, are reminding investors that the deadline to apply to be a lead plaintiff in a securities class action against Ready Capital Corporation (the “Company”) (NYSE: RC) is May 5, 2025. This lawsuit is for those who purchased the Company’s stock between November 7, 2024, and March 2, 2025, inclusive (the “Class Period”). The case is currently in the United States District Court for the Southern District of New York.
What You Can Do
If you bought Ready Capital shares and want to discuss your legal options and how this case may impact you and your ability to recover losses, you can contact KSF Managing Partner Lewis Kahn for free at 1-877-515-1850 or by email at , or visit for more details. If you want to be a lead plaintiff in this class action, you must petition the Court by May 5, 2025.
About the Lawsuit
Ready Capital and certain executives are accused of violating federal securities laws by not disclosing important information during the Class Period.
On March 3, 2025, the Company announced its financial results for the fourth quarter and full year 2024, reporting a quarterly net loss of $1.80 per share and a full-year 2024 net loss of $2.52 per share. This was attributed to “decisive actions to stabilize” its “balance sheet going forward by fully reserving for all of our nonperforming loans in our CRE portfolio,” including $284 million in combined Current Expected Credit Loss and valuation allowances to mark down the Company’s non-performing loans to their current values, among other measures.
Following this announcement, Ready Capital’s stock price fell by over 26%, closing at $5.07 per share on March 3, 2025, with unusually high trading volume.
The case is titled Quinn v. Ready Capital Corporation, et al., No. 25-cv-1883.
About Kahn Swick & Foti, LLC
KSF, with partners including former Louisiana Attorney General Charles C. Foti, Jr., is a leading securities litigation law firm. SCAS recently ranked KSF among the top 10 firms nationally based on total settlement value. KSF represents a range of clients, including public and private institutional investors and retail investors, seeking to recover investment losses resulting from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.
For more information about KSF, please visit .
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
SOURCE Kahn Swick & Foti, LLC
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