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Common fund order removed from GetSwift class action

Liz Main

A Federal Court judge has removed a funding arrangement that required shareholders in a class action against logistics tech company GetSwift to pay a portion of their possible winnings to a litigation funder.

The order followed a ruling by the High Court of Australia which left funding sources for shareholder class actions in limbo.

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Liz Main is a journalist for The Australian Financial Review based in the Melbourne office. Connect with Liz on Twitter. Email Liz at liz.main@afr.com.au

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    Original URL: https://www.afr.com/technology/common-fund-order-removed-from-getswift-class-action-20191217-p53kp3