Link Fund Solutions is set to face another legal challenge regarding its role in the collapse of Neil Woodford’s flagship fund in 2019, as Harcus Parker began court proceedings against the authorised corporate director.
The multimillion-pound claim was filed on Friday (3 June), representing 1,500 claimants, with further claims to come as campaign has a further 5,500 investors already signed up. This adds to Leigh Day's case, which formally brought proceedings against Link back in September 2021, representing more than 11,000 claimants, arguing the ACD had failed in its responsibility to monitor the fund. Link said of the Leigh Day case that it would "vigorously defend the claim". Calls grow for FCA to end 'deafening silence' as Woodford update 'adds insult to injury' RGL Management launched it...
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