A Coinbase shareholder is representing Coinbase, Inc. in U.S. District Court in Delaware against several executives including CEO Brian Armstrong, CFO Alesia Haas and board member Marc Andreessen (a16z co-founder) , claiming that the company’s leadership made “false and misleading statements” in the company’s public filings ahead of its April 2021 direct listing, saying the statements allowed investors to buy the company’s stock on the Nasdaq stock exchange , without the involvement of intermediaries such as Wall Street investment banks, accusing them of violating federal securities laws, abusing their power, causing financial damage to the company and "serious mismanagement." Foresight News noted that in shareholder derivative lawsuits, company shareholders can sue executives on behalf of the company. It was previously reported that the American law firm Bragar Eagel & Squire has also filed a class action lawsuit against Coinbase.