SAN DIEGO, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Blue Ridge Bankshares, Inc. (NYSE:BRBS) securities between March 10, 2023 and October 31, 2023. Defendant Blue Ridge conducts its business activities through its "wholly-owned subsidiary bank, Blue Ridge Bank [. . .], and its wealth and trust management subsidiary, BRB Financial Group, Inc."
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What is this Case About: Blue Ridge Bankshares, Inc. (BRBS) Has to Restate its Financial Statements due to Inadequate Internal Controls over Financial Reporting
According to the complaint, during the class period, defendants 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 ...