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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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Melissa Caddick’s parents may face court battle over $2.6M Edgecliff property
Restructuring & Insolvency 2021-11-25 4:38 pm By Miklos Bolza

The parents of accused Sydney fraudster Melissa Caddick may need to bring court proceedings to retain their $2.6 million Edgecliff home and recoup $1.2 million they gave to their daughter for the mortgage.

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GetSwift mulls appeal of scathing judgment on ‘PR-driven’ approach to ASX statements
Class Actions 2021-11-11 5:51 pm By Cat Fredenburgh

Logistics company GetSwift says it is considering an appeal of an 859-page judgment which lambasted the company and its directors’ “public relations-driven approach” to announcements on the Australian Stock Exchange.

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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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Arnold Bloch Leibler, Slater & Gordon settle class action over Quindell acquisition
Class Actions 2021-10-27 12:16 pm By Miklos Bolza

An in-principle settlement has been reached with law firms Arnold Bloch Leibler and Slater & Gordon in a class action over Slater & Gordon’s disastrous $1.2 billion Quindell acquisition.

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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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Funder’s critical intervention in liquidator’s case leaves it on hook for costs
Restructuring & Insolvency 2021-09-24 2:50 pm By Bianca Hrovat

A judge has issued a stern warning to litigation funders seeking to take a “gamble” on pending court proceedings, ruling they could be held liable for costs if their intervention proves critical to the advancement of the case.

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Class action mediation ‘pointless’ without unregistered group member data, Pitcher Partners says
Class Actions 2021-09-22 4:30 pm By Christine Caulfield

A judge has refused a bid by accounting firms Pitcher Partners and EY to access share trading data of unregistered group members in a securities class action over advice to Slater & Gordon, despite claims upcoming mediation will be “pointless” without the information.

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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 set to begin in two months.

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GetSwift class action faces fight to use witness evidence from ASIC case
Class Actions 2021-06-04 10:15 pm By Christine Caulfield

GetSwift is opposing a bid by the lead shareholder in a class action to rely at an upcoming trial on evidence given by overseas witnesses in last year’s hearing in ASIC’s case, and its resistance could force the class to bring a separate case in the US to compel fresh testimony, a court has heard.

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