Media Stories: 09/12/2005 - The Press coverage of cessation of litigation 9 December 2005 - The Press coverage of cessation of litigationThe announcement of cessation of litigation came at noon on Friday 2 December. Within the hour, the Society had issued a smoke-and-mirrors spoiler story about “half a dozen” unsolicited approaches to buy any or all of the fund. But the press has wised-up to these tactics and the coverage the next day was pretty savage. The headlines tell their own story... Treves refuses to go after Equitable Life drops £3.2bn claim Equitable Bid Ends In 'Shambles' Final curtain falls on a long-running legal fiasco Anger and resignation as Equitable drops claim Equitable climbdown leaves £45m legal bill Equitable drops the last of its £3.75bn legal claim New humiliation for Treves Counting the costs in life savings and reputations A tale of scandalously poor judgement |