Clutterbuck Capital Management LLC and KPT Capital LLC Opt Out of GetSwift Ltd Class Action & Reiterate Support for Management
Summary
Instead, we believe it portrays the position of those parties driving the well-publicized class action proceedings and of particular media outlets, who both may stand to benefit by negatively distorting facts and/or sentiment in relation to the Company. We believe it is essential for the future success of the Company that Messrs. Hunter and Macdonald remain at the helm for many reasons, including their strong customer relationships, deep industry expertise, and the ability to attract and retain key talent. In addition, GetSwift enlisted the services of PricewaterhouseCoopers to review GetSwift’s continuous disclosure compliance and corporate governance framework, and also brought on board tier-1 legal litigation representation through Quinn Emanuel Urquhart & Sullivan, LLP. We consider that these positive actions should go a long way towards addressing concerns surrounding the Company’s corporate governance practices, and provide additional structural support for the Company moving forward. Instead, we are intent on putting our support behind Messrs. Hunter and Macdonald and their fellow management team, and their plans to drive the Company forward, with the collective aim of generating enhanced value for all shareholders.