Pomerantz Law Firm Investigates Securities Fraud Claims Against Primis Financial Corp.

Investor Alert: Investigation into Primis Financial Corp.

Pomerantz LLP, a prominent law firm specializing in securities law, has announced its investigation into potential claims against Primis Financial Corp. (NASDAQ: FRST). This inquiry is initiated on behalf of investors who may have been affected by what is being termed as unlawful business practices and securities fraud committed by the company or its executives.

Background of the Investigation

On January 28, 2025, Primis Financial released its financial results for the fourth quarter of the fiscal year 2024. The report revealed a considerable net loss of $14.7 million, translating to a loss of $0.59 per share. This loss highlighted a significant decline compared to the previous year, when the net loss stood at $8.2 million, or $0.33 per share. Primis attributed the unfavorable results primarily to a strategic decision involving the management of a third-party originated consumer loan portfolio, which was reclassified to held for sale.

This substantial financial setback triggered a 8.14% drop in the company's stock price, closing at $10.50 per share on January 29, following the press release. Such a drastic shift is alarming for current and potential investors, raising questions about the company's financial health and the rationale behind its business strategies.

Pomerantz LLP: A Leader in Securities Class Action

Pomerantz LLP has a robust history of advocating for the rights of investors who have suffered losses due to corporate fraud. Established over 80 years ago by renowned attorney Abraham L. Pomerantz, the firm has become a leading authority in securities litigation. The firm specializes in class action lawsuits against companies accused of misleading investors or engaging in unethical practices.

Shareholder activists often turn to Pomerantz when faced with deceptive corporate behaviors, seeking justice and recovery for their losses.

What This Means for Investors

For investors of Primis Financial Corp. who feel they may have incurred losses due to the company's actions, this investigation represents a critical opportunity. Seeking legal counsel and possibly joining a class action can be a beneficial step in addressing grievances and recovering financial losses. Potential plaintiffs are encouraged to contact the Pomerantz team to explore their options. Danielle Peyton from Pomerantz LLP can be reached directly via email at [email protected] or by phone at 646-581-9980, extension 7980.

As this investigation unfolds, all eyes will be on how it may impact Primis's business operations, stock performance, and overall investor confidence. The outcome could set a significant precedent not only for the company but for others in the financial sector, especially those facing similar scrutiny.

Investors should remain vigilant and stay informed about ongoing developments in this case, as it could impact the broader financial landscape.

Conclusion

In conclusion, Pomerantz LLP's investigation into Primis Financial Corp. is a pivotal moment for investors. The repercussions from the investigation may influence the company's future path and its relationship with shareholders. As legal proceedings progress, interested parties are advised to stay connected with their legal representatives to understand any implications on their investments.

For more information, you may visit Pomerantz Law Firm's website to stay updated on this investigation and other news regarding securities litigation. Investor rights are significant and preserving them should be a priority for all stakeholders involved.