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Financial Planning

Court ruling on Storm, "a blow" to consumer action

The Federal Court's decision to approve the appeal by the Australian Securities and Investments Commission (ASIC) on the settlement between Macquarie Bank and the victims of Storm Financial is "a serious blow to direct consumer action," the litigator said.

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Read more: Federal CourtMacquarie BankASICLevitt Robinson SolicitorsAustralian SecuritiesFinancialInvestments CommissionFinancial PlanningLevitt Robinson principal Stewart LevittRichards