Nelsons, one of five legal firms representing investors in action relating to the former Woodford Equity Income fund, is anticipating issuing “formal letters of claim” before the end of the year.
The firm is involved in two separate claims on behalf of investors in the former Woodford fund, now named LF Equity Income, one against the fund's authorised corporate director Link Fund Solutions and one against Hargreaves Lansdown. It is also advising some clients in claims against their independent financial advisors. Cathryn Selby, partner and head of Nelsons' dispute resolution team, said: "We have been gathering evidence for the claims that are proceeding as well as investigating new potential claims as people affected continue to come forwards. "We are in the process of finalis...
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