12 hours ago
NMC Health's Clanwilliam aids administrator's claim against EY
The former chairman of the audit committee of NMC Health reached a settlement agreement with the administrators of the collapsed former FTSE 100 company, including to provide evidence relating to its £2 billion High Court negligence claim against the big four auditor EY.
Lord Clanwilliam, 64, was a non-executive director from the time of NMC's London stock market listing in 2012 to the appointment of Alvarez & Marsal as administrator in 2020 in the wake of a major alleged fraud scandal.
In a witness statement submitted by Clanwilliam, as part of his evidence last week in the trial brought by the administrators against former auditors EY, the veteran FTSE director said the separate proposed claim against him had been 'baseless' and he 'had done nothing wrong'. However, he had 'wanted to draw a line under these events'.
