{"id":840855,"date":"2025-04-23T15:05:16","date_gmt":"2025-04-23T19:05:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\/"},"modified":"2025-04-23T15:05:16","modified_gmt":"2025-04-23T19:05:16","slug":"moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\/","title":{"rendered":"Moore Law Encourages Ready Capital Corporation Investors to Contact Law Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">NEW YORK, April  23, 2025  (GLOBE NEWSWIRE) &#8212; Moore Law, PLLC, a securities and shareholder law firm located in New York City on Wall Street, is investigating potential claims against:<\/p>\n<ul type=\"disc\">\n<li>\n          <strong><br \/>\n            <u>Ready Capital Corporation\u00a0(NYSE:RC)<\/u><br \/>\n          <\/strong><\/p>\n<\/li>\n<\/ul>\n<p>The investigation concerns non-performing loans in Ready Capital\u2019s commercial real estate (\u201cCRE\u201d) portfolio that were unlikely to be collectible.<\/p>\n<p>On March 3, 2025, Ready Capital reported fourth quarter 2024 net loss of $1.80 per share and full year 2024 net loss of $2.52 per share, explaining that Ready Capital had to take \u201cdecisive actions to stabilize\u201d its \u201cbalance sheet going forward by fully reserving for all of our non-performing loans in our CRE portfolio.\u201d\u00a0 This included, among other actions, taking $284 million in combined Current Expected Credit Loss and valuation allowances to mark Ready Capital\u2019s non-performing loans to current value.<\/p>\n<p>On this news, the price of Ready Capital common stock fell nearly 27%.<\/p>\n<p>\n        <strong><br \/>\n          <u>ABOUT MOORE LAW PLLC<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p>Moore Law is a NYC plaintiff contingency litigation law firm for investors. We hold officers and directors accountable for breaches of fiduciary duty, fraud, insider trading, wasteful spending, and other corporate misconduct. There is no cost to you ever.<\/p>\n<p>We pride ourselves on 24\/7 availability, same day email responses, and constant case updates.<\/p>\n<p>Talk to an attorney today. <\/p>\n<p>MOORE LAW PLLC<br \/>30 Wall Street, 8<sup>th<\/sup> Floor<br \/>New York, NY 10005<br \/>(212) 709-8245<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zhsiDMagLGvWDj5sw8UFrZj-ygXuHNtAlJmMqYTH1hlrh3VHVu9-QqmR-AVst5Rjozdmbjb9J2jpYv-O8pDQIK7wmYxPwiqxiHVhmaz0LPA=\" rel=\"nofollow\" target=\"_blank\">fletcher@fmoorelaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SPDNyNXzFJ56RPBlhucfdf9t-_bddfUX23fhnch33DE28rp8g40xRg5J7uLAUuIcEGHbHj5Phs88QgGBgICZQkk6j13md1DTM5TolkLAVAA=\" rel=\"nofollow\" target=\"_blank\">www.fmoorelaw.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQzNzc0MSM2OTAxOTAxIzIyOTE0NjU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NTEwZDlhZDgtOTEwMi00ZGEzLTk5NDAtN2ExZmFhMTA2YjhjLTEzMDMwMTUtMjAyNS0wNC0yMy1lbg==\/tiny\/Moore-Law-PLLC.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) &#8212; Moore Law, PLLC, a securities and shareholder law firm located in New York City on Wall Street, is investigating potential claims against: Ready Capital Corporation\u00a0(NYSE:RC) The investigation concerns non-performing loans in Ready Capital\u2019s commercial real estate (\u201cCRE\u201d) portfolio that were unlikely to be collectible. On March 3, 2025, Ready Capital reported fourth quarter 2024 net loss of $1.80 per share and full year 2024 net loss of $2.52 per share, explaining that Ready Capital had to take \u201cdecisive actions to stabilize\u201d its \u201cbalance sheet going forward by fully reserving for all of our non-performing loans in our CRE portfolio.\u201d\u00a0 This included, among other actions, taking $284 million in combined Current Expected Credit &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Moore Law Encourages Ready Capital Corporation Investors to Contact Law Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-840855","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Moore Law Encourages Ready Capital Corporation Investors to Contact Law Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moore Law Encourages Ready Capital Corporation Investors to Contact Law Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) &#8212; Moore Law, PLLC, a securities and shareholder law firm located in New York City on Wall Street, is investigating potential claims against: Ready Capital Corporation\u00a0(NYSE:RC) The investigation concerns non-performing loans in Ready Capital\u2019s commercial real estate (\u201cCRE\u201d) portfolio that were unlikely to be collectible. On March 3, 2025, Ready Capital reported fourth quarter 2024 net loss of $1.80 per share and full year 2024 net loss of $2.52 per share, explaining that Ready Capital had to take \u201cdecisive actions to stabilize\u201d its \u201cbalance sheet going forward by fully reserving for all of our non-performing loans in our CRE portfolio.\u201d\u00a0 This included, among other actions, taking $284 million in combined Current Expected Credit &hellip; Continue reading &quot;Moore Law Encourages Ready Capital Corporation Investors to Contact Law Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-23T19:05:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQzNzc0MSM2OTAxOTAxIzIyOTE0NjU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Moore Law Encourages Ready Capital Corporation Investors to Contact Law Firm\",\"datePublished\":\"2025-04-23T19:05:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\\\/\"},\"wordCount\":228,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTQzNzc0MSM2OTAxOTAxIzIyOTE0NjU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/moore-law-encourages-ready-capital-corporation-investors-to-contact-law-firm\\\/\",\"name\":\"Moore Law Encourages Ready Capital Corporation Investors to Contact Law Firm - 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