EQUITABLE LIFE has dropped a demand all 15 former directors it is suing for £1.7bn should sign up to a settlement to bring its protracted legal battle with them to an end, reports The Daily Telegrap
The move came as it emerged at least some of the directors, including David Wilson, chairman of Wilson Bowden, could be prepared to consider settlement proposals, says the paper. Equitable is believed to have indicated to the directors it would be prepared to drop the case if they agreed to meet their own legal bills. The offer is based on the settlement agreement with former auditor Ernst & Young and is understood to be open to each individual director, or all of them. Equitable's £700m claim against E&Y was dropped last week. THE NUMBER of mortgages to buy homes rose sharply last mont...
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