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
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
