Liability Risk and Insurance
Equitable Life drops ‘lost sale’ claim.
Equitable Life has cut its claim for damages against its former auditor Ernst & Young from £2.05bn to £750mn. Equitable has
dropped its ‘lost sale’ claim, the amount which Equitable claimed that it could have obtained if it had sold its business
and assets in 1998. Equitable said that it was now inviting E&Y to admit negligence.