Judge refuses merging of Woodford lawsuits

Group Litigation Order denied

Eve Maddock-Jones
clock • 2 min read

A judge has denied the Group Litigation Order (GLO) request made on behalf of ex-Woodford Equity Income clients in its case against Link Fund Solutions.

The request was made by Leigh Day and Harcus Parker, two British law firms which joined forces back in June, to represent investors in the failed fund. The request was heard in court between 15 and 20 December.   According to an update from the campaign group ShareSoc, a judge has ruled against granting a GLO, opting for a bespoke case management by the court, as requested by the defendant, LFS.  ShareSoc said this means there will not be any imminent deadline for registering with a claim. The claimants represented by Leigh Day and Harcus Parker were ordered to serve any claims iss...

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 UK

Reeves' Budget headroom could land in negative territory as UK growth forecasts worsen
UK

Reeves' Budget headroom could land in negative territory as UK growth forecasts worsen

Resolution Foundation warning

Sorin Dojan
clock 18 March 2025 • 1 min read
Hargreaves Lansdown's Derren Nathan: How London can regain its competitiveness against other stock exchanges
UK

Hargreaves Lansdown's Derren Nathan: How London can regain its competitiveness against other stock exchanges

'Still work to be done'

Derren Nathan
clock 18 March 2025 • 4 min read
OECD downgrades UK growth forecast to 1.4% for 2025
UK

OECD downgrades UK growth forecast to 1.4% for 2025

2026 forecasts also lower

Sorin Dojan
clock 17 March 2025 • 2 min read
Trustpilot