Woodford investors urged to join lawsuit against Hargreaves Lansdown

Following redress scheme approval

Cristian Angeloni
clock • 3 min read

Claims firm RGL Management has called on investors in the former Woodford Equity Income fund (WEIF) to join its legal action against Hargreaves Lansdown.

The company said the lawsuit, which was filed in the High Court in October 2022 on behalf of around 3,000 investors in the fund, is the "only route" to claim "the full redress they are owed". RGL said that anyone who invested in the former WEIF through the platform can join the claim, adding that it is currently preparing a second claim for thousands more claimants who joined the group. On Thursday (14 December), Link Fund Solution announced that its redress scheme, which was backed by the Financial Conduct Authority, was approved by an overwhelming majority of investors - 93.7% in nu...

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 Companies

Treasury Committee warns UK SMEs finance hurdles could stunt growth

Treasury Committee warns UK SMEs finance hurdles could stunt growth

Number of private sector businesses fallen significantly

clock 10 May 2024 • 1 min read
St James's Place takes stake to retain one of its largest partner firms

St James's Place takes stake to retain one of its largest partner firms

20% in a partner firm's parent company

Isabel Baxter
clock 10 May 2024 • 1 min read
Investment management drives 13.6% rise in operating income for Rathbones

Investment management drives 13.6% rise in operating income for Rathbones

£223.6m excluding Investec W&I

clock 09 May 2024 • 1 min read
Trustpilot