A number of Equitable Life policyholders are apparently off to the High Court with their compensation case. The policyholders have taken their case away from Equitable and to the High Court due to Equitable's lawyers requesting a confidentiality agreement.
Lawyers for the group of policyholders are apparently shying away from the confidentiality agreement because of the mass public interest. They hope the case will be heard by the end of the month.
Our View
Equitable Life has every right to settle compensation claims on the basis of a confidentiality agreement. This is common practice. The question is, do the policyholders want compensation or do they want the publicised glory?