Texas Commercial Court rejects shareholder lawsuit against Coinbase directors, praised by Brian Armstrong

The Texas Commercial Court dismissed shareholder Gary Guillaume's derivative lawsuit against Coinbase directors on October 2, citing that the plaintiff did not make a written request to the board in advance and the court did not make a ruling on the alleged misconduct. Coinbase CEO Brian Armstrong praised the precedent on October 9th and stated that it encourages more businesses to register in Texas. (Source: CryptoSlate)