Former market darling GetSwift has been found guilty of contravening continuous disclosure rules 22 times, and contraventions of misleading and deceptive conduct laws on 40 occasions, in what the judge described as a “public relations-driven approach to disclosure” designed to push up its share price.
The Australian Securities and Investments Commission launched a legal action against technology service company GetSwift and two directors, Bane Hunter and former AFL footballer Joel MacDonald, in February 2019. It later amended its claim to include former director Brett Eagle.
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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
