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GetSwift boss accused by co-founder of misleading him on sale of shares
Securities 2022-08-09 11:35 pm By Christine Caulfield

GetSwift managing director and founder Joel Macdonald faces a lawsuit by former Melbourne Demons teammate James Strauss, who helped launch the strife-ridden logistics tech company seven years ago.

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GetSwift says stock price drop didn’t prove ‘materiality’ of ASX statements
Securities 2022-02-24 10:22 pm By Sam Matthews

Logistics company GetSwift will argue on appeal that a judge who found the company took a “PR-driven approach” to ASX statements was wrong in his assessment of whether those statements contained material omissions.

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The class action settlements that came under fire in 2021
Class Actions 2022-01-12 6:04 pm By Christine Caulfield

If evidence were needed that courts are not rubber stamping class action settlements, the scrutiny of multi-million dollar agreements in 2021 is proof positive that judicial oversight of representative proceedings is robust.

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Judge pulls up ASIC for ‘strange’ handling of GetSwift case
Securities 2021-11-26 5:06 pm By Miklos Bolza

A judge has dressed down ASIC over the handling of its action against GetSwift, criticising the regulator’s failure to seek a court injunction to prevent the company’s relocation to Canada.

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Low GetSwift class action settlement to get OK despite ‘slam dunk’ case
Class Actions 2021-11-18 2:39 pm By Miklos Bolza

A judge has indicated he will approve the ‘very low’ GetSwift class action settlement because the company appeared to be broke, but the law firm behind the case has been pulled up by the court for a previous costs estimate that has blown out by $3 million.

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GetSwift breached law through ‘public relations-driven approach’ to ASX statements, court finds
Securities 2021-11-10 1:46 pm By Miklos Bolza

The Australian Securities and Investments Commission has scored a victory in its long-running case against GetSwift, with the Federal Court finding the company and its directors breached the Corporations Act and ASIC Act through their “public relations-driven approach” to announcements on the Australian Stock Exchange.

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Judge slams notice of ‘very light’ GetSwift class action settlement
Class Actions 2021-10-18 3:58 pm By Miklos Bolza

A judge has criticised a proposed settlement notice in a shareholder class action against GetSwift for failing to inform group members of how much they would receive from the “very light” settlement, which relies heavily on the logistics firm’s success after relocating out of Australia.

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GetSwift settlement gives class action members $1.5M, slice of raised capital
Class Actions 2021-09-28 5:00 pm By Miklos Bolza

Logistics company GetSwift’s settlement of a shareholder class action will see group members share in $1.5 million cash plus access to further funds and revenue raised by the company over a three-year period.

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Boral class action decision forces litigation funders to retool
Analysis 2021-04-29 3:11 pm By Miklos Bolza

As the no win, no fee model comes out on top in another high profile class action beauty contest, legal experts say third-party litigation funders will need to evolve and “fight back” to stay competitive.

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GetSwift wins appeal bid to disqualify judge from class action
Appeals 2021-03-05 10:38 am By Spencer Fowler Steen

GetSwift has triumphed in its bid to disqualify a judge who refused to recuse himself from hearing a shareholder class action against the logistics software company after presiding over ASIC’s civil penalty proceeding against the company.

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