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.
Latest stories
Hyperbolic discounting and political temptation: Why Brexit-fuelled AE reversal would be a 'monumental' mistake
The home secretary has suggested AE should be scrapped in the event of a no-deal Brexit. Darren Philp explains why this would be misguided
Kodak Pension Plan 'likely to move into the PPF', say trustees
The trustees of the Kodak Pension Plan No.2 (KPP2) have said it will likely enter the Pension Protection Fund (PPF) in "due course" after reviewing the scheme's investment in Kodak Alaris.
L&G completes £285m buy-in with Fortune 500 company
A US company has completed a £285m pensioner bulk annuity for around 1,100 of UK members with Legal & General (L&G).
Dominic Chappell accused of 'cynical attempt to re-write history'
Former BHS chief Dominic Chappell has been accused of trying to rewrite history as he seeks to overturn a conviction for failing to hand over information to the regulator.
Most read
