NEW YORK–(BUSINESS WIRE)–Today, Grant & Eisenhofer P.A. filed a class action lawsuit on behalf of Allegheny County Employees’ Retirement System against Coastal Financial Corporation (“Coastal” or the “Company”) and three of the Company’s current and former senior executives, including CEO Eric M. Sprink, CFO Joel Edwards, and former CFO Brandon Soto (collectively, the “Defendants”). The action alleges that Defendants defrauded investors by making materially false and/or misleading stateme