Day: May 3, 2023

Insider trading lawsuit filed against Coinbase executives and board members

A lawsuit filed in a state court in Delaware alleges that Coinbase’s top executives enriched themselves by $1.09 billion by not disclosing negative information about the company before listing its shares in April 2021. Defendants in the lawsuit include CEO Brian Armstrong and prominent venture capitalists. Millions of dollars in profit On May 1, an investor in Coinbase stock, Adam Grabski, filed a lawsuit on behalf of all shareholders, naming Coinbase CEO Brian Armstrong, his management team, and prominent investors Marc Andreessen and Fred Wilson as defendants.  Fascinating lawsuit discusses…