Coastal Financial Corporation Sued for Securities Law Violations
DJS Law Group reminds investors of a class action lawsuit filed against Coastal Financial Corporation for alleged securities law violations. The suit claims the company made misleading statements.
The DJS Law Group has notified investors of a class action lawsuit against Coastal Financial Corporation (NASDAQ: CCB) concerning alleged violations of federal securities laws. The lawsuit, covering the period from October 28, 2024, to July 29, 2026, accuses the company of breaching Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.
According to the complaint, Coastal Financial Corporation issued misleading statements to the market. These statements allegedly understated a material deterioration in the partner loan portfolio of its CCBX segment, making the company's public disclosures false and materially misleading throughout the class period.
Shareholders who purchased CCB stock during the specified class period and incurred losses are encouraged by the law firm to contact DJS Law Group to discuss their rights and potential eligibility to serve as lead plaintiff. Appointment as lead plaintiff is not required to participate in any potential recovery.
The deadline for investors to seek inclusion in the lawsuit is December 1, 2026. DJS Law Group focuses on securities class actions, aiming to recover losses for investors.