Leigh Day is pursuing a claim on behalf of investors in the Woodford Equity Income Fund (WEIF). WEIF was suspended in June 2019, and its winding-up was announced in October 2019.
If you have suffered loss as a result of investing in WEIF, please complete the sign-up form to join the group claim.
Leigh Day’s investigations lead it to believe that Link allowed WEIF to hold excessive levels of illiquid or difficult-to-sell investments and that this caused investors significant loss. In doing so, we consider Link breached the rules of the Financial Conduct Authority (FCA) Handbook and failed to properly carry out the management function of the Woodford Equity Income Fund.
As a firm authorised and regulated by the FCA, Link Fund Solutions Limited had a duty to better manage the types of assets that were being held in the fund. On behalf of our clients, we are now taking legal action against Link for its failure to manage the WEIF in accordance with the FCA Handbook, on behalf of investors affected by the collapse of the Woodford fund. We believe Link should pay compensation to help those investors recoup their losses.
The amount of loss will depend on the circumstances of your case and the legal arguments that we can advance on your behalf.
We are currently bringing the claim against Link Fund Solutions only. However, if you invested through either Hargreaves Lansdown or another platform, through Woodford Investment Management, or via an IFA you will still be eligible to join the claim.
ShareSoc (the UK Individual Shareholders Society) is an influential not-for-profit organisation that champions and empowers individual investors. ShareSoc has been following the Leigh Day investigation for many months and has made the decision to endorse the Leigh Day claim. Notably, this is the first time that ShareSoc has endorsed a specific claim.
ShareSoc runs a separate Woodford Campaign, which you can also join for free, seeking regulatory changes and better enforcement to improve standards and accountability. The Campaign pages explain why ShareSoc endorsed Leigh Day’s claim, provides regular Campaign updates, a full Q&A, a library of news articles and a Forum to aid communication between investors affected by their investment in WEIF.
"Sharesoc has been following the development of five legal initiatives of which we are aware. We have elected to endorse the action proposed by Leigh Day, a leading litigation firm."
Cliff Weight, Director ShareSoc
ShareSoc Woodford Campaign is looking for Woodford investors to join its campaign. Members will receive updates from ShareSoc, and can participate in the Campaign Forum to exchange views with other investors.
Fill in our form if you think you have been affected and a member of our team will help you investigate your potential claim.