Another law firm joins the fray surrounding collapsed Woodford fund

News Team, 01/09/2020

Another group of investors is threatening legal action against the administrators of the collapsed Woodford Equity Income Fund.

Law firm Harcus Parker has begun accepting registrations for a group action against Link Fund Solutions, the authorised corporate director (ACD) of the fund which failed in June 2019, trapping just over £3 billion in investor money.

The claim rests on the idea that Link failed on its obligation to supervise fund managers Woodford Investment Management and ensure investors could redeem their investments on request.

The law firm said it estimated up to 300,000 clients had been affected...

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