Looks like the appeal has been lost.
http://business.theage.com.au/business/retired-investor-faces-hefty-legal-bill-20090903-fa08.html
The opposition turned up with the heavy artillery. Even Sweeney may have felt a bit like Dennis Denuto in there.
It was a nice touch of ASIC not to ask for costs, though. It would have been very ordinary if they had.
I wonder if they will head for the High Court?
Looks like the appeal has been lost....
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