ASX Shareholder Claims

GetSwift is also facing action by the Australian Securities and Investments Commission related to the company’s disclosures, which will be heard before the class action goes to trial. The claim alleges GetSwift, its directors Bane Hunter and Joe Macdonald and its former legal counsel Brett Eagle engaged in misleading and deceptive conduct by filing a series of announcements to shareholders in 2017 that failed to disclose material information about agreements for the provision of its logistics services entered into with 13 different companies.  The trial commenced on 15 June 2020.

Johnson Winter & Slattery represents ASIC, Quinn Emanuel Urquhart & Sullivan represents GetSwift, Macdonald and Hunter. Baker McKenzie represents Eagle.

Registry

Federal Court of Australia, New South Wales Registry (NSD580/2018).

Date of Filing

13 April 2018.

File Title

Raffaele Webb v Getswift Ltd.

Presiding Judge

Justice Lee.

Solicitors for Applicant

Phi Finney McDonald.

Solicitors for Respondent

Quinn Emanuel Urquhart & Sullivan.

Funder

Therium.

Class Members

Shareholders who acquired shares in GetSwift between 24 February 2017 to 19 January 2018 (inclusive).

Capacity to Join

Registration for the GetSwift Class Action is now closed.

Current Status

Trial listed to commence 14 September 2020.

 

Competing Class Actions
Squire Patton Boggs
Registry

Federal Court of Australia, New South Wales Registry (NSD226/2018).

Date of Filing

20 February 2018.

File Title

Dwayne Cavan Shanahan Perera v Getswift Ltd & Anor.

Presiding Judge

Justice Lee.

Solicitors for Applicant

Squire Patton Boggs.

Solicitors for Respondent

Quinn Emanuel Urquhart & Sullivan.

Funder

International Litigation Partners.

Potential Class Members

Shareholders who acquired shares in GetSwift between 24 February 2017 to 19 January 2018 (inclusive).

Current Status

Permanently stayed.

 

Corrs Chambers Westgarth
Registry

Federal Court of Australia, New South Wales Registry (NSD440/2018).

Date of Filing

26 March 2018.

File Title

Shaun McTaggart & Anor v Getswift Ltd & Ors.

Presiding Judge

Justice Lee.

Solicitors for Applicant

Corrs Chambers Westgarth.

Solicitors for Respondent

Quinn Emanuel Urquhart & Sullivan.

Funder

Vannin Capital.

Potential Class Members

Shareholders who acquired shares in GetSwift between 24 February 2017 to 19 January 2018 (inclusive).

Current Status

Permanently stayed.