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Asic v getswift ltd is a 2023 decision of the federal court of australia brought by the australian securities & investments commission (asic) against technology company getswift ltd which. The federal court imposed the largest ever penalty against a company for breaching continuous disclosure laws and misleading the market, ordering getswift ltd to pay a massive penalty of. Asic commenced the proceedings in response to getswift making numerous misleading statements in its announcements on the asx, breaching continuous disclosure.
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Asic commenced the proceedings in response to getswift making numerous misleading statements in its announcements on the asx, breaching continuous disclosure. The court found that the company. The federal court has handed down the largest ever penalty against a company for breaching continuous disclosure laws, ordering getswift limited (former asx:gsw).
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The federal court has found technology and services company getswift limited (getswift) made misleading statements and breached its continuous disclosure obligations.
The federal court has delivered the largest ever penalty against a company for breaching continuous disclosure laws and engaging in misleading and deceptive conduct,. According to the australian securities and investments commission (asic), the court found that these announcements were misleading and, that by failing to notify the. A list of current class actions (previously called the representative proceedings) before the court. The federal court of australia has issued its judgment with respect to the liability hearing in asic v getswift ltd & ors (vid146/2019).
