Hopes Rise for Eleventh-Hour Equitable Deal ; As the Insurer Resumes a Costly Court Battle Against Its Auditor ...

Mail on Sunday › September 19, 2005

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Summary

A LAST-GASP deal could be brokered this weekend in the long- running legal battle between troubled insurer Equitable Life, its former directors and auditor Ernst Young.

A costly High Court battle is planned to resume tomorrow. But lawyers for all sides have spent most of the summer, while the hearing has been adjourned, trying to thrash out a deal to avoid them incurring further crippling legal costs.

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Extract

Hopes Rise for Eleventh-Hour Equitable Deal ; As the Insurer Resumes a Costly Court Battle Against Its Auditor ...

A deal could be struck before the case resumes at 10.30am tomorrow or even later this week...

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