Investors Have a Chance to Lead Efforts in Coastal Financial Fraud Case

Opportunity for Investors in Coastal Financial

On October 8, 2026, Schall, Brown & Schwartz LLP ("SBS") issued an alert to investors regarding a class action lawsuit against Coastal Financial Corporation ("Coastal" or "the Company", NASDAQ: CCB). The lawsuit addresses alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, alongside the SEC's Rule 10b-5. Investors who purchased CCB shares between October 28, 2024, and July 29, 2026, are encouraged to connect with SBS for potential lead plaintiff appointments. While appointment as a lead plaintiff is not mandatory for participation in any recovery efforts, it offers an opportunity to take a more active role in the case.

Case Background

The specifics of the lawsuit involve claims that Coastal made false and misleading statements to investors, particularly concerning its CCBX partner loan portfolio, which accounts for roughly 23% of all loans in its CCBX division. Allegations indicate that the Company downplayed its increasing exposure to credit losses, failing to uphold proper risk management and credit monitoring practices. Consequently, the publicly available statements from Coastal throughout the class period are described as false and materially misleading.

As the truth regarding Coastal's financial health came to light, investors experienced a significant impact on their investment value. An understanding of this backdrop is crucial for affected shareholders, as awareness of such changes can influence their potential next steps in this legal action.

Call to Action for Investors

Shareholders are encouraged to reach out to Schall, Brown & Schwartz LLP for further guidance. Brian Schall and David Schwartz, partners at the firm, are available to provide insights regarding investors' rights and options at no charge. Interested parties can contact the firm directly at 310-301-3335 or through their website at www.schallfirm.com, where they can also reach the team via email.

Important Deadlines

The deadline to engage with the class action is set for December 1, 2026. Investors must act promptly to ensure their positions are considered. It is vital to note that until the class is certified, those interested in joining the lawsuit will not be represented by an attorney, emphasizing the importance of timely action.

SBS's Commitment

SBS, a firm dedicated to upholding shareholder rights, boasts a wealth of experience in securities class action lawsuits. The founding partners, Brian Schall, Andrew Brown, and David Schwartz, are committed to advocating fiercely for investors worldwide. The firm specializes in navigating complex legal scenarios to protect shareholders and facilitate their potential recovery from losses incurred.

In closing, if you are a shareholder impacted by the issues surrounding Coastal Financial Corporation, now is the time to take action. Joining the lawsuit may not only provide a pathway to recover losses but contributes to holding corporations accountable for their disclosures and practices.

For those interested in learning more about their rights or participating, engaging with the legal team at SBS can be the first step toward reclaiming lost investments. Don't hesitate to act; your voice can help shape the outcome of this significant legal endeavor.