Equitable Life to appeal against E&Y decision
UK - Equitable Life is to appeal against the High Court's decision to throw out two of its lost sales claims against its former auditor, Ernst & Young.
The beleaguered insurer suffered a massive setback last month in its battle to claim £2.6bn in damages from E&Y when Mr Justice Langley threw out two of the claims.
The judge said the third – that Equitable had made bonus payouts to its directors based on misleading information from E&Y – had so many flaws it needed to be resubmitted.
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