Legal claims for compensation are being considered against the Woodford Equity Income fund's (WEIF) authorised corporate director (ACD) Link Fund Solutions, which is accused of early-stage failures in the fund's collapse, a failure to act in the best interests of investors, and ultimately having not "done its job properly".
Link, which today (5 June) also announced it had agreed to sell a significant portion of the fund's remaining assets, held an important role in oversight and investor protection in its role ACD of the fund, which first suspended a year ago this week. The WEIF affair has led to separate legal challenges, with law firms Leigh Day and Slater & Gordon seeking compensation for investors in the former Woodford fund. To date, Leigh Day have been contacted by over 3,000 former WEIF investors and the firm has confirmed that investigations into both Link and Hargreaves Lansdown are "ongoing", w...
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