Woodford IM could face legal challenges with Equity Income investments set to 'plummet'

Warning from legal expert

Mike Sheen
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The decision to suspend dealing alone could hurt asset value
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The decision to suspend dealing alone could hurt asset value

A legal expert has warned "investors will see the value of their investment plummet" as a result of the Woodford Equity Income fund's suspension of dealing, leaving Woodford Investment Management open to legal challenges from clients.

Woodford Equity Income confirmed it suspended dealing on Monday (3 June) as a result of high levels of redemptions, but Investment Week can confirm it has not suspended the valuation of the fund's assets....

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