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<TITLE> RAIT Financial Trust (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	March 11, 2016
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	RAIT Financial Trust
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Maryland
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	1-14760
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	23-2919819
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	2929 Arch St., 17th Floor, Philadelphia, Pennsylvania
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	19104
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_________________________________<BR>
	(Address of principal executive offices)
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___________<BR>
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	Registrant&#146;s telephone number, including area code:
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	(215) 243-9000
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 10pt"><B>Item&nbsp;8.01 Other Events.</B>
</FONT>

<P align="left" style="font-size: 10pt">On March&nbsp;11, 2016, RAIT Financial Trust (&#147;RAIT&#148;) issued a press release announcing that a proposed
settlement (the &#147;Settlement&#148;) had been reached in the shareholder derivative action (the &#147;Action&#148;)
captioned <I>Lobins v. Brown, et al.</I>, Case No.&nbsp;151103347, in the Court of Common Pleas of Philadelphia
County, Pennsylvania (the &#147;Court&#148;), in which RAIT was named as a Nominal Defendant. The press
release provided a Summary Notice of Pendency and Proposed Settlement pursuant to the Order
Preliminarily Approving Settlement entered on March&nbsp;4, 2016, by the Court. The Settlement consists
of the adoption by RAIT of additions to its Trust Governance Guidelines and the creation of a
Board-level Risk Management Committee. The Settlement, if approved by the Court, will fully and
finally resolve the issues raised in the Action. The existence of the Action, and the parties&#146;
agreement in principle to settle it, were previously announced by RAIT in a Form 8-K filed with the
U.S. Securities and Exchange Commission on December&nbsp;8, 2015. We cannot assure you that the Court
will approve the Settlement.


<P align="left" style="font-size: 10pt">Relevant settlement documents, including the Stipulation and Agreement of Settlement and the
complete Notice of Pendency and Settlement of Shareholder Derivative Action, can be found at
<U>http://www.rait.com/legal/lobins-v-brown/</U>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;.



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	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	RAIT Financial Trust
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	&nbsp;&nbsp;
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<I>
	March 11, 2016
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	By:
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<I>
	/s/  James J. Sebra
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	&nbsp;
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	Name: James J. Sebra
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<I>
	Title: Chief Financial Officer and Treasurer
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RAIT Financial Trust (Form: 8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
March 11, 2016
RAIT Financial Trust
__________________________________________
(Exact name of registrant as specified in its charter)
Maryland
1-14760
23-2919819
_____________________
(State or other jurisdiction
_____________
(Commission
______________
(I.R.S. Employer
of incorporation)
File Number)
Identification No.)
2929 Arch St., 17th Floor, Philadelphia, Pennsylvania
19104
_________________________________
(Address of principal executive offices)
___________
(Zip Code)
Registrant's telephone number, including area code:
(215) 243-9000
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Top of the Form
Item 8.01 Other Events.
On March 11, 2016, RAIT Financial Trust ("RAIT") issued a press release announcing that a proposed
settlement (the "Settlement") had been reached in the shareholder derivative action (the "Action")
captioned
Lobins v. Brown, et al.
, Case No. 151103347, in the Court of Common Pleas of Philadelphia
County, Pennsylvania (the "Court"), in which RAIT was named as a Nominal Defendant. The press
release provided a Summary Notice of Pendency and Proposed Settlement pursuant to the Order
Preliminarily Approving Settlement entered on March 4, 2016, by the Court. The Settlement consists
of the adoption by RAIT of additions to its Trust Governance Guidelines and the creation of a
Board-level Risk Management Committee. The Settlement, if approved by the Court, will fully and
finally resolve the issues raised in the Action. The existence of the Action, and the parties'
agreement in principle to settle it, were previously announced by RAIT in a Form 8-K filed with the
U.S. Securities and Exchange Commission on December 8, 2015. We cannot assure you that the Court
will approve the Settlement.
Relevant settlement documents, including the Stipulation and Agreement of Settlement and the
complete Notice of Pendency and Settlement of Shareholder Derivative Action, can be found at
http://www.rait.com/legal/lobins-v-brown/
.
Top of the Form
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
RAIT Financial Trust
March 11, 2016
By:
/s/  James J. Sebra
Name: James J. Sebra
Title: Chief Financial Officer and Treasurer