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CCB INVESTORS: Contact Kirby McInerney LLP About the Securities Fraud Lawsuit Filed on Behalf of Coastal Financial Corporation Shareholders
GlobeNewswire Inc.·
Kirby McInerney LLP has filed a securities fraud class action lawsuit against Coastal Financial Corporation on behalf of investors who purchased securities between October 28, 2024 and July 29, 2026. The lawsuit alleges that Coastal failed to disclose material deterioration in a $500 million CCBX partner loan portfolio and inadequate risk management practices. On July 30, 2026, Coastal announced a $42.1 million net loss driven by a $68.8 million credit expense, causing the stock to plunge 43.5% from $70.66 to $39.91 per share.
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