Harcus Parker urges Woodford investors to vote against 'bad deal'

Unclear language

Cristian Angeloni
clock • 3 min read

Law firm Harcus Parker has called on Woodford investors to vote against the redress scheme proposed by Link Fund Solutions.

Investors in the former Woodford Equity Income fund are able to submit claim forms until 4 December, with the scheme meeting and vote due to take place on 13 December. Hundreds of investors call for probe into FCA's handling of Woodford saga - reports The scheme, put forward by Link Fund Solutions and backed by the Financial Conduct Authority, proposes to return 77p in the pound to investors, for a maximum total redress of £235m. However, this calculation is disputed by Harcus Parker. The law firm representing a class action law suit of investors argued the proposed redress would o...

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

Trustpilot