NEW YORK, NY / ACCESSWIRE / November 30, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Blue Ridge Bankshares, Inc. ("Blue Ridge Bankshares" or "the Company") (NYSE:BRBS). Investors who purchased Blue Ridge Bankshares securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/brbs.

The investigation concerns whether Blue Ridge Bankshares has violated federal securities laws.

Investigation Details:

On October 31, 2023, after-market hours, Blue Ridge Bankshares revealed that its "audited financial statements included in the Company's annual report on Form 10-K for the year ended December 31, 2022, and unaudited interim financial statements included in quarterly reports on Form 10-Q for the quarters ended March 31, 2023 and June 30, 2023 should no longer be relied upon and will be restated." Further, Blue Ridge Bankshares advised that, in part, "[t]he effect of the adjustments will result in lower net income and earnings per share in the year ended December 31, 2022". Following this news, Blue Ridge Bankshares stock dropped $1.06 per share, or 33.65%, to close at $2.09 on November 1, 2023.

What's Next?

If you are aware of any facts relating to this investigation or purchased Blue Ridge Bankshares securities, you can assist this investigation by visiting the firm's site: bgandg.com/brbs. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

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Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC