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NYSE: BRBS Lawsuit Notice: Investors who lost money with shares of Blue Ridge Bankshares, Inc. shares should contact the Shareholders Foundation
BRBSBlue Ridge Bankshares(BRBS) GlobeNewswire News Room·2024-06-17 17:30

Core Points - A lawsuit is pending for investors in Blue Ridge Bankshares, Inc. (NYSE: BRBS) shares, seeking to recover losses due to alleged misleading statements and undisclosed errors in financial statements [1][2] - The lawsuit claims that Blue Ridge Bankshares will need to restate its financial statements from March 10, 2023, to October 31, 2023, which has led to material misrepresentation of the company's business and operations [2] - Investors who purchased shares prior to March 2023 and continue to hold them have options to seek assistance from the Shareholders Foundation [4] Company Information - Blue Ridge Bankshares, Inc. is facing legal challenges related to its financial disclosures, which may impact investor confidence and the company's market performance [2] - The Shareholders Foundation, Inc. provides services related to shareholder issues, including monitoring legal actions and informing investors about securities class actions [3]