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| Eadie: keen to get things off his
chest |
If people thought the out-of-court settlement between
Unilever and Merrill Lynch had laid the whole affair to rest, they
were wrong.
A gathering of the great and good of UK fund management assembled
in the Chartered Accountants Hall in the City last month to pore
over the implications for their industry of the pension fund's
negligence suit against its asset manager. The star speakers were
two men thwarted in their attempts to influence the trial by its
early conclusion: expert witnesses Dugald Eadie and Tony Dye.
Although strictly speaking expert witnesses are supposed to act
for the court, Eadie, the former head of Henderson Investors, was
effectively due to give evidence on behalf of Unilever and Dye, the
ex-investment chief of Phillips&Drew, would have been Merrill
Lynch's witness.
Neither got the chance to run the gauntlet of QCs Jonathan
Sumption...
