I think Justice Lee is probably correct. The ASIC action and CA...

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avagadro

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19/09/19

10:27

Post #: 40478048
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Originally posted by Nanday ↑

Excerpted:
The once high-flying delivery empire launched by former AFL player Joel Macdonald has told the Federal Court it would take a “superhuman” judge to hear both court cases against it.
But GetSwift failed in a bid to have two cases against it split between two judges.
Macdonald is executive director of GetSwift, which faces claims it made a number of misleading announcements about clients it had secured between February and December 2017.
GetSwift is to face the corporate cop, the Australian Securities and Investments Commission, in the Federal Court next June.
A month later it faces a class action by lawyers Phi Finney McDonald.
Both were to be heard by Justice Michael Lee.
But on Monday in Sydney’s Federal Court, GetSwift lawyers argued the class action should have a different judge to the ASIC action because Phi Finney McDonald lawyers would produce different evidence and construct a case of their own.
GetSwift’s lawyers argued the judge “would require a feat of superhuman mental compartmentalisation” to hear both cases.
Matthew Darke, SC, appearing for GetSwift, said a judge might not be able to entirely disregard the evidence in one proceeding in deciding the other.
But Justice Lee said the possible conflicts were overstated and dismissed the application.

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I think Justice Lee is probably correct. The ASIC action and CA are basically making the same claims - it is hard to imagine one case getting up or being defeated without the other.

I still stand by my previous comments regarding WHY do we STILL not know the claimed damages by the CA yet?

When a BS 300m figure was on the table it was revealed to the media instantly and public domain, after the opt out process, why has this not been updated? This has a MASSIVE implication on the share price. if the damages are 1m for example then it's basically a non-event.

GSW Price at posting: 63.5¢ Sentiment: None Disclosure: Held
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I think Justice Lee is probably correct. The ASIC action and CA...

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