Coast Financial Holdings Inc.

Case Details

Class Period:
January 21, 2005 – January 19, 2007
Date Filed:
April 12, 2007
Case Number:
8:07-cv-00479-RAL-EAJ
Jurisdiction:
Middle District of Florida

Case Summary

Saxena White, serving as co-lead counsel, successfully prosecuted a securities fraud class action against Coast Financial Holdings, Inc. or the Company and certain of its senior executives. As a result of Saxena White's efforts on behalf of the Company's shareholders, Defendants agreed to a Stipulation of Settlement that enabled the Class to obtain a substantial recovery of $6,349,900. On May 29, 2009, the United States District Court for the Middle District of Florida issued a Final Judgment and Order of Dismissal With Prejudice, which found that the Settlement was, in all respects, fair, reasonable and adequate to the Class.