Did You Suffer Financial Losses Investing in Coastal Financial (CCB)?
A securities class action has been filed on behalf of investors who purchased or otherwise acquired Coastal Financial Corporation (“Coastal Financial” or the “Company”) (NASDAQ: CCB) common stock between October 28, 2024 and July 29, 2026, inclusive (the “Class Period”).
The action, Allegheny County Employees’ Retirement System v. Coastal Financial Corporation, et al., Case No. 2:26-cv-03746, was filed on October 2, 2026 in United States District Court, Western District of Washington. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
What Does the Coastal Financial Securities Class Action Allege?
During the Class Period, Defendants, according to the complaint, made materially false and misleading statements concerning the growth and credit quality of Coastal’s CCBX business, the adequacy of the Company’s risk management and credit monitoring practices, and the credit protections afforded by Coastal Financial’s CCBX partner indemnification agreements.
The complaint further alleges that while praising the continued growth of CCBX and representing that such growth was being pursued in a disciplined manner with a focus on risk management and credit quality, the Coastal Financial Defendants failed to disclose that the credit quality of a substantial CCBX partner loan portfolio, comprising approximately $500 million in loans and nearly 23% of all CCBX loans, had materially deteriorated, exposing Coastal to significant losses despite the purported credit protection provided by the partner’s indemnification agreement.
December 1, 2026 Lead Plaintiff Deadline
Investors who purchased or otherwise acquired Anavex securities during the Class Period have until December 1, 2026 to move the Court to seek appointment as lead plaintiff. Investors do not need to seek appointment as lead plaintiff to remain a member of the proposed class.
Coastal Financial Investors: Contact Kehoe Law Firm
If you purchased or otherwise acquired Coastal Financial common stock during the Class Period and suffered financial losses, you are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to learn more about the class action and your legal rights.
For a free, no-obligation legal evaluation, contact:
Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and ERISA and retirement-plan litigation. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.
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