Image:
Neil Woodford
Leigh Day, one of the law firms representing investors in the former Woodford Equity Income fund (WEIF), has sent its Letter Before Action (LBA) to Link Fund Solutions, thereby instigating the first formal legal step against the authorised corporate director (ACD).
In the letter, Leigh Day alleges that Link "mismanaged" the fund, particularly in relation to liquidity levels, which it argues the ACD "maintained a stance which…simply sought to avoid putting it in further...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
