Law Offices of Frank R. Cruz Encourages Coastal Financial Corporation (CCB) Shareholders To Inquire About Securities Fraud Class Action

The Law Offices of Frank R. Cruz announced a securities fraud class action against Coastal Financial Corporation (NASDAQ: CCB), covering shareholders who purchased stock between October 28, 2024 and July 29, 2026; lead plaintiff motions are due December 1, 2026. The lawsuit stems from Coastal's July 30, 2026 disclosure of a surprise Q2 GAAP net loss of $42.1 million, driven by a $68.8 million credit expense tied to a single CCBX partner with roughly $500 million of underlying loans; shares fell 43.5% to $39.91. This release is law-firm solicitation rather than a new issuer disclosure; the underlying stock decline and litigation risk were already public.

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