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CommSec agrees to $20M penalty for ‘serious and unacceptable’ system failures
Financial Services 2022-03-03 9:02 pm By Bianca Hrovat

Commonwealth Bank unit CommSec has agreed to pay a $20 million penalty for a series of “serious and unacceptable” failures that lead to excessive fee […]

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GetSwift appeals judgment scathing of ‘PR-driven’ approach to disclosures
Securities 2022-02-22 10:28 pm By Christine Caulfield

Logistics company GetSwift and its directors are appealing a win for ASIC in the regulator’s case that alleged they breached their continuous disclosure obligations and […]

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Settlement in GetSwift shareholder class action off the table for now
Class Actions 2022-02-17 5:00 pm By Christine Caulfield

A settlement in a shareholder class action against GetSwift has collapsed as the logistics company seeks to secure financing to keep it afloat and pay […]

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GetSwift class action settlement at risk as financial position in doubt
Class Actions 2022-02-14 10:20 am By Christine Caulfield

A settlement agreement in a shareholder class action against GetSwift may be scrapped as the applicant seeks more information as to whether the logistics company […]

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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 […]

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Fees for no service class action must clarify ‘serious allegations’ against AMP
Class Actions 2021-11-02 4:27 pm By Cindy Cameronne

A judge has ordered a class action against AMP to provide more detail in its case accusing the financial services firm of failing to disclose […]

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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 […]

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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 […]

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CBA slams class action’s ‘shameless’ attempt to obtain CEO’s emails
Class Actions 2021-08-26 2:13 pm By Bianca Hrovat

The Commonwealth Bank of Australia has slammed an attempt by a class action to “trawl through” its Chief Executive Officer’s emails in search of correspondence […]

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GetSwift to resolve shareholder class action in ‘creative’ settlement
Class Actions 2021-07-16 10:00 am By Christine Caulfield

GetSwift has reached an agreement to settle a shareholder class action accusing the logistics company of misleading statements over contracts, avoiding a trial that was […]

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