Ready Capital Corporation (NYSE: RC) Long Term Investor Investigation of potential Wrongdoing

An investigation was announced for potential breaches of fiduciary duties by certain directors and officers of Ready Capital Corporation.

Investors who are current long term investors in Ready Capital Corporation (NYSE: RC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: RC stocks follows a lawsuit filed against Ready Capital Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in (NYSE: RC stocks, concerns whether certain Ready Capital Corporation directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that, the Defendants failed to disclose to investors that significant non-performing loans in its CRE portfolio were not likely to be collectible, that Ready Capital would fully reserve these problem loans in order to "stabilize" its CRE portfolio, that this was not accurately reflected in Ready Capital's current expected credit loss or valuation allowances, that, as a result, the Company's financial results would be adversely affected, and 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.

Those who purchased shares of Ready Capital Corporation (NYSE: RC) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.