3-Day Deadline Alert: Law Offices of Howard G. Smith Reminds Resource Capital Corp. Investors of Upcoming Lead Plaintiff Dead...
November 06 2015 - 12:04PM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming November 9, 2015 deadline to file a lead
plaintiff motion in the class action filed on behalf of investors
who purchased Resource Capital Corp. (“Resource Capital” or the
“Company”) (NYSE: RSO) investors who purchased shares between March
2, 2015 and August 4, 2015, inclusive (the “Class Period”).
Investors who suffered losses of over $25,000 on their investment
in Resource Capital securities are encouraged to contact the Law
Offices of Howard G. Smith to discuss their legal rights.
The complaint alleges that the Company failed to properly
account for its exposure to troubled loans on its balance sheet,
and the risk of a potential default and losses associated with such
loans. On August 4, 2015, the Company announced a net loss based on
a $41.1 million allowance for troubled loans relating to a
previously acquired subordinated mezzanine loan position in Puerto
Rico. On this news, Resource Capital’s stock fell significantly,
thereby injuring investors.
If you purchased Resource Capital shares, you may move the Court
no later than November 9, 2015 to request
appointment as lead plaintiff. To be a member of the class you need
not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the Class.
If you wish to learn more about this action, or if you
have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol
Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151106005795/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
Resource Capital (NYSE:RSO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Resource Capital (NYSE:RSO)
Historical Stock Chart
From Apr 2023 to Apr 2024