Coinbase Insider Trading Lawsuit Advances Despite $2.9B Stock Sale Defense

Coinbase Insider Trading Lawsuit Advances Despite $2.9B Stock Sale Defense

Delaware judge advances Coinbase insider trading lawsuit over $2.9B stock sales despite internal review clearing directors.

Andreessen, Coinbase Directors Face Trading Suit for Now

A Delaware judge ruled that a shareholder lawsuit alleging insider trading by several directors of Coinbase Global Inc., including venture capitalist Marc Andreessen, can proceed for now after an internal investigation cleared the defendants of wrongdoing.

Coinbase Directors Face Shareholder Lawsuit Over Stock Sales · Cardano Feed

Key HighlightsCoinbase execs face insider trading claims over 2021 stock sales, but court says lawsuit can proceed for now.Armstrong and Andreessen sold tiny portions of shares to support the direct listing,...

Court Rejects Early Dismissal in Coinbase Stock Sale Lawsuit

Key Takeaways A judge allowed the Coinbase shareholder lawsuit to proceed for now. The case centers on stock sales during the company’s 2021 direct listing. Questions were raised about the independence of Coinbase’s internal review. The court signaled the directors could still ultimately prevail. The decision keeps alive claims against Coinbase Global Inc. executives and directors, including CEO Brian Armstrong and venture capitalist Marc Andre…

Coinbase Faces Insider Trading Lawsuit as Delaware Judge Allows Case to Proceed More Stories ETHNews

A Delaware court has ruled that a shareholder derivative lawsuit against Brian Armstrong, board member Marc Andreessen, and other Coinbase directors may move forward, despite an internal investigation that previously cleared the defendants of wrongdoing. The decision keeps alive one of the most significant governance cases tied to a major U.S. crypto exchange. The ruling centers not on a finding of liability, but on whether the company’s interna…