EconomyCoinbase’s Texas move leads to dismissal of shareholder suit over Delaware-era claims
The Texas Business Court dismissed Gary Guillaume’s derivative suit against Coinbase on October 2 because he had not first demanded that the company act. It did not decide whether the alleged misconduct occurred. The court said Texas’s demand rule governed his authority to sue, even while assuming without deciding that Delaware law applied to the underlying claims.
Coinbase’s Texas move leads to dismissal of shareholder suit over Delaware-era claims
Economy