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 Commonwealth Bank settles Storm Financial litigation with ASIC- Commonwealth Bank settles Storm Financial litigation with ASIC
- September 14, 2012
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The Commonwealth Bank Group (Group) today announced that it had reached a resolution with the Australian Securities & Investments Commission (ASIC) in relation to Storm Financial.
The Group’s agreement with ASIC, which was reached following constructive discussion that focussed on what was best for customers, will make available up to an additional $136 million to many of the Group’s customers who invested through Storm Financial, including those who participated in the Group’s Resolution Scheme.
A significant portion of the additional funds has been set aside for customers who did not settle through the Resolution Scheme, including members of the class action brought ...
- View more at: http://www.1888pressrelease.com/commonwealth-bank-settles-storm-financial-litigation-with-as-pr-423689.html
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