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  • Storm Financial

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  • 27 March 2020

    Federal Court confirms Storm Financial directors breached duties

  • The Full Federal Court has confirmed that the directors of Storm Financial, Emmanuel and Julie Cassimatis, breached their duties as directors. These proceedings were an appeal by the Cassimatises against the original judgment handed down in August 2016. ASIC sought to dismiss the appeal with costs. In its 150-page judgment, the full Federal Court, by a majority of two to one, dismissed the appeal.

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Last updated: 31/03/2020 04:59