Blue Ridge Bankshares Settlement Approved — Here’s How to Get Your Share

Court: E.D. New York

Case: 1:23-cv-08944

The court has approved the settlement between Blue Ridge Bankshares and BRBS investors and all its terms.

What is this settlement?

In 2019, former employees of Virginia Community Bank filed a lawsuit alleging that executives breached their fiduciary duties by improperly utilizing an employee pension fund. Blue Ridge Bankshares, which acquired Virginia Community Bank in December 2019, has agreed to settle these claims by paying $2.5 million to the affected investors.

What can you do to recover your losses now?

You can now submit your claim and be notified of any further updates.

More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.