Former market darling GetSwift and its directors are appealing a Federal Court loss to the corporate regulator for what a judge lashed as a “public relations-driven approach to disclosure” designed to pump up the technology company’s share price.
It comes as GetSwift chief executive Bane Hunter resigned from the last mile logistics services business and Joel MacDonald, the company’s president, was appointed interim chief executive on Friday in Canada, where the company was relisted in January 2021 after successfully applying to leave the Australian Securities Exchange in late 2020.
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
