More than two years after the collapse of Storm Financial, law firm Slater & Gordon has settled the last of its clients’ claims against the National Australia Bank.
Over 100 former Storm customers made claims against NAB arising out of the collapse of Townsville-based Storm Financial.
Lawyer Damian Scattini welcomed the settlements, stating it was a great result for mum and dad investors who lost their livelihoods and financial security with the collapse of the firm.
“While these settlements can never turn back the clock, it allows them to move on with dignity and to rebuild their lives,” Scattini said.
He also gave credit to NAB for “handling the matters in good faith and with respect for their customers”, adding that the majority of NAB clients who had settled their claims have been pleased with the approach taken by the bank.
