Equitable Life drops case against 2 former directors

In a statement put out earlier today the Equitable Life Mutual Assurance Society says its legal action against 13 former directors continues but firm has dropped its claim against Martin and Kinnis, with each side paying its own costs. Equitable confirms today it has also withdrawn its claims against Chris Headdon, a former director of the Society, in relation to his role as “reporting actuary” - a role which relates to the preparation of the Society’s accounts and the decision follows the settling of claims with E&Y. That said, claims against Headdon in relation to his role as a direc...