Summary
Equitable Life has abandoned a large part of its pounds 2 billion case against its former auditors, Ernst & Young.
In the High Court yesterday, it withdrew its claim that E&Y should have advised directors to put the business up for sale when problems with guaranteed annuity rates began to emerge.See the full content of this document
Extract
Equitable Abandons Pounds 2bn Case
But in testimony to the court, Equitable's former directors said they wou...
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