PracticeAccounting FirmsEquitable drops action against another director

Equitable drops action against another director

Equitable drops lawsuit against another former director, Alan Nash

Equitable Life yesterday dropped its legal action against another former
director yesterday, reducing the number of defendants in the High Court
negligence action from 16 to 10.

The Financial Times reports that the life assurer confirmed that it
had that reached a settlement with Alan Nash, a former chief executive and
actuary at the society. Both sides will pay their own legal costs in the
settlement.

The deal follows a similar settlement with the society’s former auditors
Ernst & Young, as well as settlements with two former executives and two
former non-executives.

News of the settlement came just 24 hours after the society said it was
dropping a large part of its claim against former directors, cutting the level
of damages sought by more than £1bn.

Related Articles

Productive accountancy firms lead the way

Accounting Firms Productive accountancy firms lead the way

6h Simon Adcock, HSBC
LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

Accounting Firms LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

1d Fergus Payne, Lewis Silkin
BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

1w Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

1w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

2w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

2w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

2w Emma Smith, Managing Editor