Coinbase Directors Must Face Del. Insider Trading Suit

[Gunnar Larson]

There are two RICOs happening in New York right now.

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Subject: Coinbase Directors Must Face Del. Insider Trading Suit

Coinbase Directors Must Face Del. Insider Trading Suit
<https://www.law360.com/fintech/articles/1793309?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-02-05&read_main=1&nlsidx=0&nlaidx=0>

By Jeff Montgomery

In a decision that sharpens the contours of state insider trading and
unjust enrichment claims, Delaware's chancellor has refused to dismiss a
stockholder derivative suit against Coinbase Global Inc. directors and
officers who saved $1.09 billion by selling $2.9 billion in shares just
ahead of a stock plunge.

 Memorandum attached | Read full article »
<https://www.law360.com/fintech/articles/1793309?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-02-05&read_more=1&nlsidx=0&nlaidx=0>
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