Record $15m penalty for ex-ASX software company
ASIC signals higher fines for market disclosure breaches.
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ASIC signals higher fines for market disclosure breaches.
Court hands down record penalties against the software provider that left investors empty-handed.
Former directors Hunter and Macdonald also ordered to pay $2 million and $1 million, respectively.
The Federal Court has handed down some of the largest penalties ever for corporate misconduct. The Federal Court has thumped two former directors of software company GetSwift with millions in fines i
James Strauss alleges Joel Macdonald’s actions caused him to miss out on as much as $15 million from the sale of shares in the scandal-plagued GetSwift.