Coinbase Told to Disclose Depositions From Insider Trading Case

Coinbase Global Inc. board members lost their bid Wednesday to keep a lid on depositions linked to an insider trading lawsuit against CEO Brian Armstrong, venture capitalist Marc Andreessen, and other board members.

A Delaware Chancery Court judge ordered the crypto company’s special litigation committee to disclose transcripts for the depositions of angel investor Gokul Rajaram—a committee member—and Joseph R. Slights III, head of the legal team that led an internal investigation into the shareholder claims. The judge, Chancellor Kathaleen St. J. McCormick, rejected the argument that witnesses will be less forthcoming if they know their testimony may become public. ...