Update on Lawsuit for Blue Ridge Bankshares, Inc. (NYSE: BRBS) Investors – Shareholders Foundation Announces Latest Developments

Investors in Blue Ridge Bankshares, Inc. (NYSE: BRBS) are facing a legal battle as a lawsuit unfolds over alleged securities laws violations. The Shareholders Foundation, Inc. has provided an update on the pending lawsuit, urging investors who purchased BRBS shares to take action.

According to the lawsuit filed in December 2023, an investor accused Blue Ridge Bankshares, Inc. of making materially false and/or misleading statements regarding its financial statements. The plaintiff alleged that the company would need to restate its previously filed financial statements, leading to false and misleading information about its business operations and prospects.

An amended complaint was filed on June 12, 2024, further escalating the legal proceedings. Investors who continue to hold BRBS shares are advised to contact the Shareholders Foundation, Inc. for guidance on their options.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service that specializes in shareholder issues. They provide information on securities class actions, settlements, judgments, and other legal news related to the stock market.

For more information and assistance, investors can reach out to Michael Daniels at mail@shareholdersfoundation.com or call +1 (858) 779-1554. Stay informed and protect your investments in Blue Ridge Bankshares, Inc. (NYSE: BRBS) during this legal dispute.