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Class Action Filed Against Coastal Financial Corporation (CCB) Alleging Securities Law Violations - Contact Levi & Korsinsky

By ACCESS Newswire

NEW YORK CITY, NY / ACCESS Newswire / November 11, 2026 / Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Coastal Financial Corporation (NASDAQ:CCB) securities.

If you purchased NASDAQ:CCB securities and suffered a loss, Learn about Coastal Financial Corporation Class Action or call (212)363-7500 to speak to our team of experienced shareholder advocates.

THE LAWSUIT: A class action securities lawsuit was filed against Coastal Financial Corporation that seeks to recover losses of Coastal Financial Corporation shareholders who were adversely affected by alleged securities fraud between October 28, 2024 and July 29, 2026.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) 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; (ii) as a result of that deterioration, Coastal faced significant exposure to credit losses notwithstanding defendants' repeated representations concerning the credit protections provided by its CCBX partner agreements; and (iii) Coastal's risk management and credit monitoring practices were inadequate to identify, adequately account for, and mitigate the deterioration of the CCBX partner loan portfolio and the resulting risks to Coastal.

WHAT'S NEXT? If you purchased Coastal Financial Corporation securities during the relevant time frame, learn about your rights to seek a recovery. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured billions of dollars for aggrieved shareholders. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

SOURCE: Levi & Korsinsky, LLP



View the original press release on ACCESS Newswire

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