Nelsons, one of five legal firms representing investors in action relating to the former Woodford Equity Income fund, is anticipating issuing "formal letters of claim" before the end of the year.
The firm is involved in two separate claims on behalf of investors in the former Woodford fund, now named LF Equity Income, one against the fund's authorised corporate director Link Fund Solutions and one against Hargreaves Lansdown. It is also advising some clients in claims against their independent financial advisors. Woodford investors potentially in limbo for further 12 months Cathryn Selby, partner and head of Nelsons' dispute resolution team, said: "We have been gathering evidence for the claims that are proceeding as well as investigating new potential claims as people affecte...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
