Troubled tech company GetSwift has had a slight reprieve, with the High Court throwing out an appeal by a law firm seeking to lodge a class action against the group.
GetSwift will now face one class action brought by investors after the High Court ruled a separate claim brought by Squire Patton Boggs on behalf of shareholders should not proceed.
That class action trial will follow a separate civil case brought by the corporate regulator against the group and two directors – Bane Hunter and company co-founder and former AFL football player Joel Macdonald. GetSwift is defending the class action, while the company, Mr Hunter and Mr MacDonald are defending the Australian Securities and Investments Commission action.
Squire Patton Boggs was seeking to appeal a Federal Court ruling that was upheld by the Full Court of the Federal Court that found only one of three class actions brought against the group should proceed.