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Ernst & Young say settlement with Equitable possible

Ernst & Young UK chairman Nick Land says an out of court settlement with Equitable Life is possible ahead of the April high court trial.

Speaking at an analyst conference, Land says an out of court settlement would save both parties costly legal fees. Equitable Life chairman Vanni Treves says it will listen to any offer, but such is the strength of its case against Ernst & Young, any settlement would need to be &#39sincere, serious and substantial.&#39 Treves says: “If E&Y wants to pick up the phone to talk about settlement of course we will listen.”

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