Securities class action filed against Coastal Financial over CCBX credit risk disclosures

A class action lawsuit alleges Coastal Financial misrepresented the credit quality of its CCBX partner loan portfolio. The complaint follows a July 30 earnings report that revealed a $68.8 million credit expense from one partner, causing a 43% stock drop. Lead plaintiff deadline is Dec 1. 152 clean stories shaped this window, with sentiment strongly bearish at 27/100. Also in focus: Nvidia and Cisco unveil USFP optics; Meta adopts Spectrum-6 for AI clusters.