Bloomberg: Coinbase asked to disclose testimony related to insider trading case

PANews reported on February 12th, citing Bloomberg, that Coinbase board members failed on Wednesday to prevent the release of testimony related to an insider trading lawsuit against CEO Brian Armstrong, venture capitalist Marc Andreessen, and other board members. A Delaware court of chivalry judge ordered that a special litigation committee established by Coinbase must disclose court transcripts of two testimonies: one from angel investor and committee member Gokul Rajaram, and the other from Joseph R. Slights III, head of the legal team leading the company's internal investigation into shareholder allegations. Presiding Judge Kathaleen St. J. McCormick of the Court of Chivalry rejected the argument that witnesses would become less candid if they knew their testimony might be made public.