Cohen milstein mulls equitable life action

Class action firm Cohen ­Milstein Hausfeld & Toll is considering launching legal ­proceedings on behalf of a ­million Equitable Life policyholders after the parliamentary ombudsman Ann Abraham urged the Government to ­compensate them for losses incurred after Equitable almost collapsed eight years ago.

Cohen Milstein’s decision to pursue the case comes after the Treasury launched a consultation into extending the statutory regime on liability for fraudulent ­misstatement by issuers.