Equitable Life left with £40m legal bill after dropping negligence claim
Equitable Life sensationally dropped its £2.6bn negligence claim against its former auditors Ernst & Young (E&Y) last week (22 September) after spending more than £40m on legal fees. Both sides will have to pay their own costs. Equitable is believed to have amassed costs of around £40m at this stage, with E&Y’s estimated at £30m. […]