PracticeAccounting FirmsE&Y case hampered by ‘late disclosure’

E&Y case hampered by 'late disclosure'

Ernst & Young's defence in the Equitable Life case is hampered by 'late disclosure' of key documents

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.

Link: Equitable: read the key documents

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.

Related Articles

Johnston Carmichael CEO appointed as ICAS president

Accounting Firms Johnston Carmichael CEO appointed as ICAS president

3w Emma Smith, Managing Editor
British Accountancy Awards 2018 – entries open!

Accounting Firms British Accountancy Awards 2018 – entries open!

1m Emma Smith, Managing Editor
Is the accountancy sector facing an international talent crisis?

Accounting Firms Is the accountancy sector facing an international talent crisis?

1m Lewis Silkin
RSM appoints new Chief Operating Officer

Accounting Firms RSM appoints new Chief Operating Officer

1m Alia Shoaib, Reporter
RSM announces 11 partner promotions

Accounting Firms RSM announces 11 partner promotions

2m Emma Smith, Managing Editor
BDO hires former AstraZeneca creative director as head of digital and innovation

Accounting Firms BDO hires former AstraZeneca creative director as head of digital and innovation

2m Emma Smith, Managing Editor
What does the future hold for listed accountancy firms?

Accounting Firms What does the future hold for listed accountancy firms?

2m Fergus Payne, Lewis Silkin
EY, Deloitte lead Big Four in gender pay gap reporting

Accounting Firms EY, Deloitte lead Big Four in gender pay gap reporting

2m Emma Smith, Managing Editor