Lead Plaintiff Deadline: December 1, 2026. Investors who purchased (NASDAQ: CCB) securities between October 28, 2024 and July 29, 2026 may be eligible to recover losses.
NEW YORK, Nov. 08, 2026 (GLOBE NEWSWIRE) -- Attorney Advertising--This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Coastal securities between October 28, 2024 and July 29, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/coastal-financial-corporation-ccb-class_action_lawsuit.
Coastal Case Details
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
- the credit quality of a substantial CCBX partner loan portfolio had materially deteriorated;
- the affected portfolio consisted of approximately $500 million in loans and represented nearly 23% of all CCBX loans;
- the deterioration exposed Coastal to significant losses despite the purported credit protection provided by the partner’s indemnification agreeme...