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...

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