Bloomberg: CEX asked to disclose testimony records related to insider trading case

GateUser-6433627c · 2026-02-11T23:51:18+00:00

The CEX Global Inc. board of directors failed to prevent the disclosure of testimony related to insider trading lawsuits involving the CEO and other executives. A Delaware judge ordered the disclosure of two depositions, dismissing witnesses' concerns about affecting their honesty in testimony.

GateUser-6433627c

2026-02-11 23:51:18

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On February 12, according to Bloomberg, CEX Global Inc.'s board members failed to successfully prevent the disclosure of testimony related to a lawsuit involving insider trading against CEO Brian Armstrong, venture capitalist Marc Andreessen, and other board members. A judge from the Delaware Court of Chancery ordered that the special litigation committee established by the crypto company must disclose the trial 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. The presiding judge, Chancellor Kathaleen St. J. McCormick, rejected the argument that witnesses would be less candid in their testimony if they knew it might be made public.

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