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Frydenberg playing a long game on class actions

This week’s continuous shareholder disclosure law reform was a major victory for the Treasurer, but it wasn’t his first move in the class action chess game. Nor is it likely to be his last. ....

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Mayne Pharma hit with investor class action

Mayne Pharma hit with investor class action
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Mayne Pharma Group has been hit with an investor class action lodged in the Supreme Court of Victoria alleging misleading or deceptive conduct and breaches of continuous disclosure obligations over alleged anti-competitive conduct in the United States.
The class action was brought by Phi Finney McDonald on behalf of investors who acquired an interest in the shares of the Adelaide-based company, and/or American depositary receipts that represent Mayne shares, between November 24, 2014, and December 15, 2016.
Mayne said in a statement to the ASX that it will vigorously defend the proceeding.
“Mayne Pharma emphatically denies any and all allegations of wrongdoing,” it added. ....

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Mesoblast boss won't answer share deal questions

Mesoblast boss won't answer share deal questions
afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.

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GetSwift class action reaches settlement agreement

GetSwift class action reaches settlement agreement
GetSwift class action reaches settlement agreement
Respondents to make a “modest” upfront payment into the pool, with further sums to come from the company over a three-year period.
Credit: Supplied
A class action against beleaguered Australian founded technology start-up GetSwift has reached a conditional settlement agreement for an unknown figure.
The settlement agreement, which was entered into on 13 July and sees no admission of liability, will see respondents, GetSwift and director Joel Macdonald, make a “modest” upfront payment into the settlement pool.
Additionally, further sums will be contributed as a capped percentage of any capital raising, or a capped percentage of company revenue as a backstop if no or limited runs are raised, over a three-year period. ....

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GetSwift Announces Heads of Agreement for Proposed Settlement of Australian Class Action

GetSwift Announces Heads of Agreement for Proposed Settlement of Australian Class Action
ibtimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibtimes.com.au Daily Mail and Mail on Sunday newspapers.

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