Woodford investors 'must be prepared to go all the way to trial'

Clifford Chance appointed by Link

James Baxter-Derrington
clock • 1 min read

Investors pursuing a claim to recover compensation from their investments in the former Woodford Equity Income fund (WEIF) "must be prepared to go all the way to trial", Boz Michalowska, head of consumer law at Leigh Day, has warned.

Speaking to claimants at an event organised by Mello Events and ShareSoc, which has endorsed Leigh Day's claim against authorised corporate director (ACD) Link Fund Solutions, Michalowska added that the appointment of Clifford Chance on behalf of the ACD "demonstrates a commitment to fight" the claim. Leigh Day takes first formal step against Link on behalf of Woodford investors Derrick Dale QC of Fountain Court Chambers, which has been instructed by Leigh Day, reiterated that as the ACD of WEIF, Link bears ultimate responsibility for the management of the fund. He added the case w...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Stories of the week: The FCA, Bank of America and Neil Woodford

Stories of the week: The FCA, Bank of America and Neil Woodford

Recession expectations, AI chips and Hargreaves Lansdown: The biggest stories from the world of investment and asset management this week

clock 17 April 2025 • 1 min read
7IM's Ben Kumar: Geographic location almost irrelevant in investing

7IM's Ben Kumar: Geographic location almost irrelevant in investing

'Vocation, not location'

Ben Kumar
clock 17 April 2025 • 3 min read
Compliance questions loom over Woodford's portfolio platform plans

Compliance questions loom over Woodford's portfolio platform plans

FCA authorisation and/or promotion issues

Cristian Angeloni
clock 16 April 2025 • 5 min read
Trustpilot