Coinbase Asks To Nix Suit Over 'Nonsuspicious' $2.9B Trades
By Leslie A. Pappas ( October 16, 2023, 6:18 PM EDT) -- A stockholder's theory that Coinbase directors sold $2.9 billion worth of stock in a 2021 direct listing on insider information is not "reasonable or plausible" because it ignores that afterward they still held onto more than 96% of their stock, an attorney for the company and its directors told Delaware's Court of Chancery on Monday....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.