UK - Equitable Life's battle to claim £2.6bn in damages from its accountant, Ernst & Young, has suffered a massive setback in the High Court.
Mr Justice Langley has thrown out two of Equitable’s three claims for lost sale. And he said the third claim – that Equitable had made bonus payouts to its directors based on misleading information...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
