Ernst & Young may settle Equitable case - papers 30th Nov

A recent admission from Ernst & Young indicated the firm might be willing to negotiate a settlement in the case, with the Guardian yesterday hearing hints the beleaguered insurer may be prepared to accept a fraction of the sum. Language appears to have softened since the warning shots fired as a spokesman for Equitable is quoted as saying: "If we have to, we will see them in court next April. If either party wants to pick up the phone and make the society a serious and substantial offer of settlement, the board will give it every consideration," says the spokesman. "If a compromise ca...