Coastal Financial Corporation (CCB)

By Nathan Miller

SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against Coastal Financial Corporation (NASDAQ: CCB) — Investors Who Suffered Losses Are Encouraged to Contact the Firm.

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.

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.

Coastal Case Details

The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:

  1. the credit quality of a substantial CCBX partner loan portfolio had materially deteriorated;
  2. the affected portfolio consisted of approximately $500 million in loans and represented nearly 23% of all CCBX loans;
  3. the deterioration exposed Coastal to significant losses despite the purported credit protection provided by the partner’s indemnification agreement; and
  4. as a result, Defendants’ statements regarding Coastal’s business, operations, financial condition, and credit risk were materially false and/or misleading and/or lacked a reasonable basis.

What’s Next for Coastal Investors?

A class action lawsuit has already been filed. You may review a copy of the Complaint. You may also contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 917-590-0911. If you suffered a loss in Coastal you have until December 1, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff.

No Cost to Coastal Investors

We, Bronstein, Gewirtz & Grossman, LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman, LLC for Coastal Securities Class Action?

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace,” said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.

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Contact Info

Peretz Bronstein, Esq. or Nathan Miller
Bronstein, Gewirtz & Grossman, LLC
917-590-0911 | [email protected]

 

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