Bloomberg: Coinbase Asked to Disclose Insider Trading Case Testimony Records

BlockBeats News, February 12th, according to Bloomberg, Coinbase Global Inc. board members on Wednesday failed to block the public release of testimony related to an insider trading lawsuit involving CEO Brian Armstrong, venture capitalist Marc Andreessen, and other board members.

A judge in Delaware Chancery Court ordered that the special litigation committee established by the crypto company must disclose trial records of two testimonies: one from angel investor and committee member Gokul Rajaram; the other from Joseph R. Slights III, head of the law firm leading the company's internal investigation into shareholder allegations.

Presiding Judge, Vice Chancellor of the Chancery Court Kathaleen St. J. McCormick rejected the notion that if witnesses knew their testimony might be made public, they would be less than forthcoming in their testimony.