Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

BLUE RIDGE BANKSHARES, INC. (BRBS) Class Action Lawsuit (December 2023)

Closed

1:23cv8944 • December 5, 2023

Class Period Start

February 2, 2023

Class Period End

October 31, 2023

PSLRA Deadline

February 5, 2024

Case Allegations

10b5

Statutes of Repose

Feb 2, 2026

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

October 1, 2025

Settlement Fund

$2,500,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased the publicly-traded common stock of Blue Ridge Bankshares, Inc. between February 3, 2023 and October 31, 2023, both dates inclusive.

Claim Administrator

Strategic Claims Services
600 N. Jackson Street, Suite 205 P.O. Box 230 Media, PA 19063
+1 866-274-4004
[email protected]

Hearing Date

October 29, 2025

Opt-out Deadline

October 1, 2025

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Mar 22, 2026

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Nov 20, 2025

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Sep 24, 2025

Motion for Final Approval of Settlement

The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.

Jul 5, 2025

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Jul 5, 2025

Notice of Pendency

Jul 5, 2025

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Feb 4, 2025

Motion for Preliminary Approval of Settlement

The parties have asked the court to give preliminary approval to a proposed settlement. The judge will review the request and decide whether the settlement can move forward to the next stage. If approved, potential class members will generally receive information about the settlement and their rights, including any deadlines for taking action.

Jun 28, 2024

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in BLUE RIDGE BANKSHARES, INC.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jun 12, 2024

First Amended Complaint

A new complaint has been filed on behalf of certain investors in BLUE RIDGE BANKSHARES, INC.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

May 13, 2024

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Dec 5, 2023

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in BLUE RIDGE BANKSHARES, INC..

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