Bloomberg: An exchange has been asked to disclose testimony records related to an insider trading case
BlockBeats News, February 12, according to Bloomberg, a board member of a certain exchange failed on Wednesday to prevent the public disclosure of testimonies related to an insider trading lawsuit against CEO Brian Armstrong, venture capitalist Marc Andreessen, and other board members.
A judge in the Delaware Court of Chancery ordered that the special litigation committee established by this crypto company must disclose the court 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 company’s internal investigation into shareholder allegations.
Presiding judge, Chancellor Kathaleen St. J. McCormick of the Court of Chancery, rejected the argument that witnesses would be less candid in their testimony if they knew it might be made public.
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