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

BoE confirms 20 June rates decision but cancels all speeches prior to election
UK

BoE confirms 20 June rates decision but cancels all speeches prior to election

Until 4 July

James Baxter-Derrington
clock 23 May 2024 • 1 min read
Hotter than expected UK inflation dampens June rate cut hopes
UK

Hotter than expected UK inflation dampens June rate cut hopes

CPI falls to 2.3% in April

Eve Maddock-Jones
clock 22 May 2024 • 2 min read
EFG AM's Joaquin Thul: UK economic outlook in a changing policy environment
UK

EFG AM's Joaquin Thul: UK economic outlook in a changing policy environment

Outcome of general election is significant

Joaquin Thul
clock 21 May 2024 • 4 min read
Trustpilot