E&Y to reveal Equitable costs
Big Four firm Ernst & Young is expected to announce today how much its long-awaited High Court battle with life assurer Equitable Life is likely to cost.
The two will appear at the courts today to overcome the final legal hurdle before the expected six-month trial, scheduled for later this year, where both sides are expected to outline potential costs.
If the case is not settled before the trial is scheduled to end, it will cost both firms in the region of £30m, according to the Daily Telegraph.
Recent speculation that both sides will ultimately seek to settle was denied.