I'd suggest taking a look at all of the threads when this occurs. I'm wondering if there is something calling into Coherence deeper down in the thread that is calling the form constructor, for example.
-- Update --
From Patrick Fry (lead engineer on this feature area):
This Coherence + .NET 4.0 issue was addressed in Coherence for .NET 3.7.1.7 by the fix for COH-8044 The JIRA doesn't mention the locking issue specifically but there was a bug filed specifically about this problem and it was made a duplicate of COH-8044.
https://bug.oraclecorp.com/pls/bug/webbug_print.show?c_rptno=14732333
We should have mentioned in the patch readme for 3.7.1.7 that this particular issue was fixed as well.