But following a court hearing last week, E&Y will now have until the end of October to submit the final piece of evidence after the judge ordered Equitable Life to ‘clarify’ submissions from two expert witnesses.
The evidence in question was submitted by actuary, Mike Arnold, and investment banker, John Cryan, and E&Y argued that it should be withdrawn from the trial.
While Mr Justice Langley, the judge presiding over the £2.6bn negligence case, refused he did say that Equitable’s lawyers must ‘go back to your two experts to clarify what they are saying’. Langley went on to say that the hearing had been ‘a bit of a draw’.
The hearing led Equitable Life’s QC, Iain Milligan, to hint that E&Y’s request for the evidence to be removed was nothing more than a delaying tactic.
‘The 30 September is D-day for E&Y?s reports which in a sense raises the question of why we are dealing with this now rather than perhaps a long time ago,’ said Milligan.
A spokesman for E&Y rejected the accusations, saying it would be ‘na‹ve to suggest this was a delaying tactic’ and that last week’s court appearance provided ‘valuable preparation for trial’.
An E&Y statement said judge Langley’s decision ‘further demonstrates the difficulties that Equitable is having in putting together its case against us’.
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
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Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group
Rupert Guppy will be responsible for capital allowances in the southern region, and joins the firm from specialist consultancy E3 Consulting