Blue Ridge Bankshares, Inc.
Exchange: NASDAQ
Ticker: BRBS
Date of Filing: 12/05/2023
Court: Eastern District of New York
Filing Deadline

02/05/2024

TWERSKY LAW GROUP Notifies Blue Ridge Bankshares, Inc. (BRBS) Investors of Class Action

Blue Ridge Bankshares  – Twersky Law Group, a highly regarded and reputable law firm based in New York, wishes to inform investors about a significant development in the form of a class action lawsuit against Blue Ridge Bankshares, Inc. (“Blue Ridge Bankshares” or “the Company”) (NASDAQ: BRBS) and certain officers of the company. This lawsuit has been filed on behalf of all individuals and entities that purchased or otherwise acquired Blue Ridge Bankshares securities from March 10, 2023 through October 31, 2023.  (the “Class Period”). Investors who acquired Blue Ridge Bankshares securities during this defined timeframe are strongly encouraged to participate in this case by contacting atara@twerskylawgroup.com. The deadline to file a motion for appointment of lead plaintiff is February 5, 2024.

The fundamental objective of this class action lawsuit is to recover for the benefit of investors who purchased Blue Ridge Bankshares securities during the Class Period, the losses they sustained as a consequence of the misleading statements made by Defendants in violation of the federal securities laws.

 

ALLEGATIONS AGAINST BLUE RIDGE BANKSHARES

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Blue Ridge Bankshares, Inc.’s financial statements from March 10, 2023 to the present included certain errors; (2) as a result, Blue Ridge Bankshares would need to restate its previously filed financial statements from March 10, 2023 to October 31, 2023; and (3) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

 

ABOUT BLUE RIDGE BANKSHARES 

  • Blue Ridge Bankshares, Inc. is a bank holding company headquartered in Luray, Virginia. 
  • Blue Ridge Bankshares, Inc. is the parent company of Blue Ridge Bank, a community bank that provides a range of financial services, including personal and business banking, mortgage lending, and wealth management. Community banks like Blue Ridge Bank often focus on serving local communities and businesses.

 

JOIN THIS CASE

It is important to note that a class action lawsuit has already been filed in connection with these allegations. Therefore, for those individuals who suffered financial losses in their investments in Blue Ridge Bankshares during the Class Period, there is a limited opportunity to seek appointment as a lead plaintiff. This process entails requesting the Court to designate them as the primary representative on behalf of the entire class. The deadline for submitting such a request is February 5, 2023. It is important to emphasize that while becoming a lead plaintiff can offer certain advantages, participation in the recovery process and the potential for financial compensation does not mandate serving as a lead plaintiff.

Twersky Law Group, a distinguished legal firm renowned for its attorneys expertise in handling securities fraud class actions and shareholder derivative suits, who have a long-standing track record of successfully recovering significant sums of money for investors nationwide. With an unwavering commitment to seeking justice for their clients, the firm’s attorneys are resolute in pursuing fair compensation on behalf of those affected by alleged securities law violations. As with any legal matter, it is essential to understand that this announcement constitutes attorney advertising. Past case outcomes and results achieved do not guarantee similar outcomes in this particular case.



DOCUMENTS


COMPLAINT

PLEASE READ THE COMPLAINT  DOCUMENT BEFORE SIGNING UP FOR THIS CASE.

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