EY Pays Over £100 Million to Settle NMC Health Legal Claim

EY UK has paid more than £100 million ($133 million) to the administrators of NMC Health Plc to settle claims it was negligent in its audits of the failed firm, according to people familiar with the matter.

NMC sued EY for more than £2 billion in the UK courts over the alleged negligence, but the two sides settled the case on confidential terms without admission of liability by EY, according to NMC’s latest administration report filed at UK Companies House.

The filing shows settlement of legal claims of £105.5 million, which people familiar with the matter said was the amount ...