Feb. 4 at 12:51 PM
$BRBS has agreed to settle with investors over claims that it misclassified non-performing loans and issued inaccurate financial reports.
Who’s eligible?
Anyone who purchased
$BRBS shares between February 3, 2023 and October 31, 2023.
Do I need to sell my shares to qualify?
No — you are eligible whether you sold your shares or still hold them.
How much is the payout?
The payout per share is
$0.38 — but normally only ~25% of eligible investors file, the effective payout could increase to
$1.52.
Can I still file?
Yes — late claims are currently being considered for compensation, subject to approval.
When do payouts happen?
Typically within 8–12 months after court approval of the settlement.
To file your claim: https://11th.com/cases/blue-ridge-investor-suit