Equitable Life was criticised yesterday for ‘changing its case as often as the Prince of Wales changes his mind about his wedding plans’.
The accusation came at the end of Equitable’s opening statements, as the insurer sough to explain amendments to its case.
Ex-directors, who are being sued alongside Ernst & Young for alleged negligence in the late 1990s, made the remark during heated arguments yesterday afternoon, The Telegraph reports. The changes, they added, were heaping costs onto directors, some of whom are representing themselves.
Earlier this week, the ex-directors of the troubled mutual also alleged that they had been sued merely as a ‘conduit to really deep pockets’, namely those of E&Y.
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Carter Backer Winter has acquired Edwards Financial Services, expanding its financial planning department
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton