In a riveting twist worthy of a legal thriller, Janice A. Moore, a former bank manager turned David against the Goliath of the banking world, has asked a Virginia federal court to endorse a staggering $6 million settlement. This marks the end of her lawsuit, a David vs. Goliath battle that accused her former employer, Blue Ridge Bankshares, of robbing retirees blind. The lawsuit alleges that the company siphoned their hard-earned employee stock ownership plan (ESOP) for the bank executives’ gain.
janice Moore $6M Deal To End ESOP Suit : A Settlement That Reshapes Justice
In a cinematic turn of events, Moore’s settlement motion painted the picture of a long-awaited victory. She described the agreement as a beacon of hope, offering “meaningful recoveries” for the cheated former plan members. This deal not only compensates the victims but also allows the accused Blue Ridge defendants to step away from what Moore describes as a “time-consuming and expensive distraction.”
A Tale of Greed and Deception
Moore’s story began at Virginia Community Bank, where she dedicated 33 tireless years before resigning in May 2018. Her plot thickened with Blue Ridge’s merger with VCB in 2019, a $42.5 million transaction that thrust Moore’s claims onto Blue Ridge’s shoulders.
