Bloomberg: Coinbase is required to disclose testimony records related to the insider trading case

According to Bloomberg, members of the board of Coinbase Global Inc. failed to successfully block the public disclosure of testimony related to an insider trading lawsuit against CEO Brian Armstrong, venture capitalist Marc Andreessen, and other board members.

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

The presiding judge, Chancellor Kathaleen St. J. McCormick, dismissed the notion that witnesses would be less candid in their testimony if they knew their statements could be made public.