Original article by Sarah Danckert, Andrew White
The Australian – Page: 21 : 13-Oct-14

Adam Glezer, ex-national sales manager of AussieCommerce, has launched legal action in the Supreme Court of Victoria against founders Adam Schwab and Jeremy Same. Glezer alleges he was pressured into selling them his 19.8% holding in Deals.com.au, subsequently acquired by AussieCommerce, for just $A282,000 in April 2013. This was despite the board members valuing the business at between $A10m and $A25m. AussieCommerce, the self-proclaimed market leader in online retailing in Australia, is preparing for an IPO

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AUSSIECOMMERCE.COM.AU, DEALS.COM.AU PTY LTD, SUPREME COURT OF VICTORIA, BRANDSEXCLUSIVE (AUSTRALIA) PTY LTD, CUDO PTY LTD, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MACQUARIE CAPITAL PTY LTD, APN NEWS AND MEDIA LIMITED – ASX APN