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Judge cuts Squire Patton Boggs, Piper Alderman fees in $19M Arasor deal
Securities 2018-04-18 11:37 pm By Cat Fredenburgh

A judge has signed off on a $19.25 million settlement in a shareholder class action brought against directors of defunct laser technology company Arasor International Ltd and partners in auditing firm Grant Thornton South Australia, but cut the legal fees of Squire Patton Boggs and Piper Alderman by $250,000.

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S&P analysts take stand in class action trial
Class Actions 2018-04-17 8:07 pm By Miklos Bolza

Two high ranking analysts from S&P Global have distanced themselves from the decision making process at the heart of a class action over toxic financial products given healthy ratings by the agency ahead of the global financial crisis.

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At S&P class action trial, city treasurer accused of being ‘careless’
Class Actions 2018-04-14 1:38 pm By Christine Caulfield

A former treasurer for Coffs Harbour City Council was “careless” for not analysing the financial products he invested millions of dollars of the city’s funds into, a lawyer for ANZ said last week at a class action trial against the bank and US ratings agency S&P Global.

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GetSwift hit with second shareholder suit
Securities 2018-03-27 8:25 pm By Cat Fredenburgh

Corrs Chambers Westgarth has filed a shareholder class action against GetSwift alleging it provided inadequate disclosures and misled investors with its overhyped announcements about business contracts, one month after Squire Patton Boggs brought a similar suit.

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New claims target GetSwift’s enterprise client announcement
Class Actions 2018-03-23 2:36 pm By Cat Fredenburgh

Squire Patton Boggs has expanded its shareholder class action against GetSwift to include claims over statements the logistics software company made to shareholders regarding high-volume enterprise contracts.

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ASX updates disclosure obligations in wake of GetSwift action
Securities 2018-03-19 12:47 pm By Christine Caulfield

The Australian Stock Exchange has updated rules on company disclosures regarding consumer contracts, in the wake of a share suspension and investor class action against logistics software company GetSwift for “overhyped” business contract announcements.

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GetSwift hit with $300M shareholder class action
Class Actions 2018-02-21 8:56 pm By Cat Fredenburgh

Squire Patton Boggs has brought a shareholder class action worth potentially $300 million against logistics software company GetSwift and its director, former AFL player Joel MacDonald, for providing inadequate disclosures and misleading investors with “overhyped” announcements about business contracts.

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