Equitable Life and auditor liability: part 1

Roach, Lee 2006. Equitable Life and auditor liability: part 1. International Company and Commercial Law Review 17 (7) , pp. 201-209.

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Abstract

The seemingly never-ending Equitable Life litigation is finally over (although numerous investigations still continue). The case’s inevitable collapse is evidence that in the post-Woolf era, largely pointless, ill-conceived and ludicrously expensive cases still occur. This case garnered attention from a number of parties for numerous reasons. It grabbed the media’s attention due to the mammoth damages and costs involved. Policyholders attention concentrated on the £75 each of them loss due to the failed litigation. For company lawyers, however, the focus of the case concerned the extent of the auditors’ and directors’ liability – two issues that company law has struggled to adequately resolve for decades. In the first of a two-part article, Equitable Life’s case against their auditors, Ernst & Young, will be examined.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Schools > Law
Subjects:	K Law > K Law (General)
Publisher:	Sweet & Maxwell
ISSN:	0958-5214
Last Modified:	12 Feb 2016 23:16
URI:	https://orca.cardiff.ac.uk/id/eprint/56877

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