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Stock impact report

Kaskela Law LLC Announces Shareholder Investigation of Blue Ridge Bankshares, Inc. (NYSE: BRBS) and Encourages Long-Term BRBS Shareholders to Contact the Firm

Blue Ridge Bankshares, Inc. (BRBS) 
Company Research Source: Business Wire
PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating Blue Ridge Bankshares, Inc. (NYSE: BRBS) (“Blue Ridge”) on behalf of the company’s long-term shareholders.https://kaskelalaw.com/case/blue-ridge-bankshares/Recently, an amended securities fraud complaint was filed against Blue Ridge on behalf of investors who purchased shares of the company’s stock between February 3, 2023 and October 31, 2023. According to the complaint, during that time period Blue Ridge and certain of the company’s senior executive officers issued a series of false and misleading statements about the company’s business, operations and prospects.On April 27, 2023, Blue Ridge issued a press release reporting its First Quarter 2023 financial and operational results. Therein, the company reported that nonperforming loans had increased from $18.6 million as of the end of 2022 to $30.7 million as of the end of the First Quarter 2023, primarily because of two commercial loans which Blue Show less Read more
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