First legal cases filed against Equitable

Equitable Life could be facing an initial claim of £50m in compensation from overseas policyholders as the first claims of mis-selling are filed with UK courts this week. Around 1200 overseas policyholders - most of them now former members - have converged to sue Equitable Life and are expecting to take their individual cases to court to claim compensation of between £30,000 and £50,000 each, however, that figure could increase again as the firm dealing with overseas litigation claims is now taking on UK clients too. Stephen Alexander, partner at the London-based legal firm Class ...