Ernst & Young’s defence against a £2bn negligence claim from Equitable Life is being hampered by poor disclosure on behalf of the mutual’s lawyers, the High Court heard.
Speaking after the cross-examination of Charles Thomson, Mark Hapgood QC, for E&Y, said the ‘late disclosure’ of key documents was making it difficult for the Big Four firm to make its case.
Equitable’s solicitors Herbert Smith have claimed in written correspondence with E&Y that certain requests for information were not contained within the usual rules of disclosure since they were irrelevant to the case.
But E&Y maintains that they are relevant, and obtained permission to question Thomson beyond the scheduled cutting-off point to address some of the issues the documents raised.
‘We are deeply concerned that [late disclosure] may have infected the entire approach of Herbert Smith ?and it is a matter my clients feel very strongly about,’ Hapgood said.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars