Grabar Law Office Investigates Claims on Behalf of Longterm Shareholders of Blue Ridge Bankshares, Inc. (BRBS) as Securities Fraud Class Action Settles

Philadelphia, Pennsylvania--(Newsfile Corp. - June 15, 2025) - If you are a current Blue Ridge Bankshares, Inc. (NYSE: BRBS) shareholder who purchased Blue Ridge shares prior to February 3, 2023, you can seek corporate reforms, the return of money back to the company, and a court approved incentive award at no cost to you whatsoever. Please visit https://grabarlaw.com/the-latest/blue-ridge-shareholder-investigation/, contact Joshua Grabar at jgrabar@grabarlaw.com or call us at 267-507-6085.

WHY? A recently filed amended securities fraud complaint was filed against Blue Ridge Bankshares (NYSE: BRBS) on behalf of investors who purchased shares of the company's stock has settled. According to the underlying complaint, Blue Ridge, via certain of its officers, issued a series of false and misleading statements about the company's business, operations and prospects. Unknown to investors (1) certain of Blue Ridge's financial statements included certain errors; (2) as a result, Blue Ridge would need to restate its previously filed financial statements; and (3) thus, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

On October 31, 2023, Blue Ridge filed a Form 8-K with the U.S. Securities and Exchange Commission in which it disclosed that investors could not to rely on its previously issued financial reports for Fiscal Year 2022, First Quarter 2023 or Second Quarter 2023.

On February 4, 2025, the parties to the class action entered a stipulation to settle the matter.

WHAT YOU CAN DO NOW: If you purchased Blue Ridge (NYSE: BRBS) prior to February 3, 2023 and still hold shares today, you are encouraged to contact Joshua Grabar at jgrabar@grabarlaw.com, or call 267-507-6085. You can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever.

#BlueRidgeBankshares $BRBS

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