A securities class action has been filed against Coastal Financial Corporation (CCB) alleging the company misled investors about credit risk management in its CCBX Banking-as-a-Service segment. The class period is October 28, 2024 through July 29, 2026. The suit follows a 43% stock crash on July 30, 2026 after Q2 results revealed $68.8 million in charges tied to one partner. Lead plaintiff deadline is December 1, 2026.
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