Equitable Life abandons £1.3bn ‘lost sale’ claim
Equitable Life has abandoned its £1.3bn ‘lost sale’ claim against former auditors Ernst & Young (E&Y), vastly reducing the amount claimed in the ongoing High Court litigation. The insurance society is still claiming over £700m from E&Y and over £1bn from former directors for negligence. At the beginning of July The Lawyer reported that Equitable […]