Investors Sue Coastal Financial Over Alleged Concealment of Fintech Partner Credit Losses that Reportedly Erased $470M in Market Value
A Pennsylvania public-employee pension fund has brought a proposed securities class action against Coastal Financial Corporation and three senior executives, claiming the bank holding company concealed a sharp deterioration in credit quality at one fintech partner until the resulting charge wiped out roughly $470 million… Read More
Read more in: Fintech, Politics, Legal & Regulation | Tagged coastal financial corporation, fintech, lawsuit, washington