David Sherborne, who represents the core participant victims of phone hacking, said his clients welcome the findings and recommendations of the Leveson report.
He said the report included a "clear recognition of widespread failings in the culture, ethics and standard of the press and the devastating consequences this has had for the victims".
He said that the report calls for a regulatory system with "real teeth" and called on the current parliament to implement its recommendations.
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Matt Campbell, who collapsed just a few miles from the finish line, had hoped to raise £2,500.