One of the biggest courtroom dramas in British corporate history will begin on Monday when Equitable Life takes on the accountancy company Ernst & Young and 15 of its former directors.
Equitable Life is making a negligence claim for just over £2bn against E&Y and for a further £1.7bn against the former directors of Equitable Life. Legal experts estimate that the total costs could hit £100m, making it one of the most expensive corporate legal battles in history.
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