ShareSoc-endorsed Woodford claim first to be fully funded and insure claimants' costs

Losses for WEIF investors may be recovered

The UK Individual Shareholders Society (ShareSoc) has said that more than 500,000 of those who invested in the Woodford Equity Income fund (WEIF) may be able to recover "significant losses" as litigation firm Leigh Day has become the first to reach funding and claimant costs insurance agreements.

ShareSoc announced in November 2020 that it was endorsing law firm Leigh Day's claim, backed by its own Woodford Campaign, the aim of which is to help investors seek compensation for their losses. ShareSoc and Woodford Campaign director Cliff Weight said: "This is the first time ShareSoc has ever endorsed a legal claim. We did this only after careful consideration of the many potential claims that have emerged. "And we are enthused that the Leigh Day claim is now the first to be fully funded and has ensured potential costs to claimants are insured." ShareSoc endorses Leigh Day's Wo...