Storm Failure Leads to Class Action Against ASIC

Levitt Robinson Solicitors, a leading boutique law firm operating out of Sydney, Australia provides some report snippets after the first court hearing in their class action lawsuit against the country's financial services regulator the Australian Securities and Investments Commission (ASIC). Levitt Robinson is representing the victims of Storm Financial, a financial planning business that collapsed in 2009 resulting in the loss of up to $3bn in clients funds.