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Shareholders who lost money in shares of Coastal Financial Corporation (NASDAQ: CCB) should contact Wolf Haldenstein Immediately

CCB
  • Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit against Coastal Financial Corporation (NASDAQ: CCB) regarding the period between October 28, 2024, and July 29, 2026.
  • The lead plaintiff deadline for the case is December 1, 2026.
  • The complaint alleges false statements & omissions regarding the material deterioration of a $500 million CCBX partner loan portfolio, which represents nearly 23% of all CCBX loans.
  • Defendants are accused of failing to disclose significant credit loss exposure despite claims of credit protections & inadequate risk management practices.
  • On July 30, 2026, Coastal reported a GAAP net loss of $42.1 million driven by a $68.8 million credit expense related to a single CCBX partner.
  • Following the July 30, 2026 announcement, Coastal stock fell 43.5% or $30.75 per share to close at $39.91.
  • Investors who suffered losses during the class period may contact the firm to submit trade information with no cost or obligation.