According to Foresight News , citing Bloomberg, U.S. Court of Chancery Kathaleen St. J. McCormick ruled on February 12 that Coinbase Global's board of directors must disclose transcripts of testimony related to an insider trading lawsuit against CEO Brian Armstrong, Marc Andreessen, and other board members. The judge rejected the witnesses' argument that knowing their testimony might be made public would reduce their candor, and ordered the company's special litigation committee to disclose transcripts of testimony from angel investor Gokul Rajaram and Joseph R. Slights III, head of the internal investigation legal team.
Coinbase board failed to prevent the release of insider trading testimony.
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