Woodford investors 'must be prepared to go all the way to trial'

Clifford Chance appointed by Link

James Baxter-Derrington
clock • 1 min read

Investors pursuing a claim to recover compensation from their investments in the former Woodford Equity Income fund (WEIF) "must be prepared to go all the way to trial", Boz Michalowska, head of consumer law at Leigh Day, has warned.

Speaking to claimants at an event organised by Mello Events and ShareSoc, which has endorsed Leigh Day's claim against authorised corporate director (ACD) Link Fund Solutions, Michalowska added that the appointment of Clifford Chance on behalf of the ACD "demonstrates a commitment to fight" the claim. Leigh Day takes first formal step against Link on behalf of Woodford investors Derrick Dale QC of Fountain Court Chambers, which has been instructed by Leigh Day, reiterated that as the ACD of WEIF, Link bears ultimate responsibility for the management of the fund. He added the case w...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Investment

PA360: 'Diversified approach has room for both active and passive' - David Coombs

PA360: 'Diversified approach has room for both active and passive' - David Coombs

‘Volatility is your friend if you are a long-term investor’

Jenna Brown
clock 01 May 2025 • 2 min read
PA360: FOMO can 'significantly' alter investors' risk appetite

PA360: FOMO can 'significantly' alter investors' risk appetite

Albemarle Street Partners’ Charlie Parker on the social element of investing

Isabel Baxter
clock 01 May 2025 • 1 min read
PA360: Investors must understand importance of 'proper diversification'

PA360: Investors must understand importance of 'proper diversification'

‘Investors don’t have to choose a single door’

Sahar Nazir
clock 01 May 2025 • 1 min read