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Woodford group claim

Leigh Day is investigating claims following the closure of the Woodford Equity Income Fund (“WEIF”).  


 
If you have been affected by the suspension of WEIF, please feel free to complete our form to register your interest in our case.
 
Leigh Day team
 
To progress these claims, Leigh Day has assembled a team including experts in financial analytics and senior and junior counsel from a leading set of chambers specialising in financial services.
 
At Leigh Day, the team working on the case include lawyers Bozena Michalowska-Howells, Head of Consumer Law, and solicitor Kamran Vojdani.
 
Costs
 
We anticipate representing clients on a no-win-no-fee basis with each claimant’s contribution to the costs of the litigation being capped at no more than 30% (including VAT) of any compensation received.
 
Investigation into Link
 
WEIF’s authorised corporate director, Link Fund Solutions Limited (“Link”), is responsible for the operation of the fund.  Link delegated the performance of the investment management function of WEIF to Woodford Investment Management Limited (“Woodford”) until 15 October 2019 when Woodford was relieved of this role.
 
The rules of the Financial Conduct Authority (“FCA”) require funds, such as WEIF, to follow investment restrictions that are designed to protect investors.  Among other things, these restrictions prevented WEIF from holding more than 10% of its portfolio in unlisted companies, which are more difficult to sell.  We believe the extent to which Link allowed WEIF to breach this 10% rule and other measures used by Link to try to stay within the 10% limit caused investors significant loss. 
 
If you invested in WEIF, irrespective of whether you used an investment platform, please feel free to register your interest with us.
 

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