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GetSwift "sat on" an announcement about a lucrative deal with US-based automotive sales and marketing firm N.A. Williams for more than three weeks, then leaked the news to the media before announcing it on the Australian Stock Exchange, ASIC has told the Federal Court on day two of a trial in the corporate regulator's case against the logistics tech company.
Émails show the directors of logistics company GetSwift took a "deliberate approach" to inflating the company's share price through a constant supply of positive ASX announcements about new multimillion-dollar contracts, ASIC said on the first day of a highly anticipated five-week trial.
The funder backing a patent lawsuit by tech firm Vehicle Management Systems over an invention used by the City of Melbourne to time parked vehicles has been granted extended access to discovered documents in the proceedings.
The global pandemic has shown that the traditional law firm operating model can be transformed with speed and agility if needed. Beyond the anticipated shift to more flexible working arrangements, Lawyerly asked law firms leader to share some of the other lessons they have learned from COVID-19 and how they will incorporate these experiences into the management of their firm.
The reopening of law firm offices in Melbourne and Sydney may still be months away but firms have given Lawyerly a glimpse of what it might look like when staff do return to the office, from split workforces to strictly enforced health and safety rules. One thing is for sure, COVID-19 has changed the way lawyers will work from now on.
The High Court will not weigh in on a jurisdictional challenge by the Democratic Republic of East Timor to a lawsuit brought by Australian oil and gas company Lighthouse Corporation over $328 million in alleged losses stemming from a failed fuel supply agreement.
The settlement of two shareholder class actions against sandalwood producer Quintis has been delayed for a second time, as the parties continue to investigate the company’s eleventh-hour revelation that it may have extra insurance, which, according to the lawyers of one class action, could be worth $46 million to group members.
Slater and Gordon's conduct when settling a previous securities class action against it armed the lead plaintiff with the information he needed to later bring a class action against Arnold Bloch Leibler, a court has heard.
Spain has been hit with a lawsuit seeking to enforce a $128 million arbitration award in a dispute over the country's alternative energy investment policies, the fifth such lawsuit brought against the country in Australia.
Logistics company GetSwift and its directors have failed in a bid for a year-long delay of a trial scheduled to start next month in ASIC's case alleging breaches of the Corporations Act, despite arguing that the procedural unfairness of a remote hearing gave the regulator a leg-up over the US-based company.