Case Summary

Blue Ridge Bankshares

NYSE: BRBS

Case Details

  • Hunter v. Blue Ridge Bankshares, Inc. et al.
  • Class Period:March 10, 2023 - October 31, 2023
  • Date Filed:December 05, 2023
  • Jurisdiction:U.S. District Court, Eastern District of New York
  • Docket Number: 1:23-cv-08944
  • Lead Plaintiff Deadline: February 5, 2024
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Overview

A class action lawsuit has been filed against Blue Ridge Bankshares, Inc., (“Blue Ridge”, “BRBS”, or the “Company”) (NYSE: BRBS) and certain of the Company’s top executive officers alleging that they violated the federal securities laws.  The lawsuit seeks to represent all persons and entities who purchased or otherwise acquired publicly traded Blue Ridge securities between March 10, 2023, and October 31, 2023, inclusive (the “Class Period”).

Blue Ridge Bankshares conducts its business activities through its wholly owned subsidiary bank, Blue Ridge Bank, and its wealth and trust management subsidiary, BRB Financial Group, Inc.

As alleged in the lawsuit, defendants throughout the Class Period made materially 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.

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If you purchased or otherwise acquired publicly traded Blue Ridge securities between March 10, 2023, and October 31, 2023, inclusive, and suffered substantial losses, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Blue Ridge Bankshares lawsuit is February 05, 2024.

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