Complex sentence: In the light of Penrose's findings, in April 2005, Equitable Life launched a £4 billion legal action in the High Court, claiming £2 billion from 15 ex-directors who it claimed were negligent in their duties, a charge they deny.
Split into simpler sentences: In the light of Penrose's findings, in April 2005, Equitable Life launched a £4 billion legal action in the High Court. It is claiming £2 billion from 15 ex-directors who it claims were negligent in their duties, a charge they deny.