Resource Capital Corp. is a commercial real estate specialty finance company that is headquartered in the United States.

According to the law firm press release, the Complaint alleges that throughout the Class Period, Resource Capital and certain of its executive officers and directors issued materially false and/or misleading information regarding the risk of the Company's commercial loans portfolio and its processes and controls for assessing the quality of its portfolio.

On August 4, 2015, Resource Capital disclosed GAAP net loss of $31.0 million during the quarter ended June 30, 2015, citing the recording of a $41.1 million allowance for loan loss. Upon this news, shares of Resource Capital fell from a closing price of $3.48 on August 4, 2015, to a close of $3.05 the following day.

An amended Complaint was filed on June 1, 2017.

On November 22, 2017, the Court issued an Order granting the motion to certify a class in this action. On February 5, 2018, the parties entered into an Agreement of Settlement. This settlement was preliminarily approved on April 3. On August 3, the Court granted final approval of the Settlement and entered Final Judgment. On February 20, 2019, the Court issued an Order approving the distribution plan for the Settlement.