Link Fund Solutions has indicated it will fight the group litigation brought against it by Leigh Day, which alleged the authorised corporate director “mismanaged” the former Woodford Equity Income fund.
Link has responded to Leigh Day's Letter Before Action (LBA), which was issued on 5 March, with a 40-page document. Boz Michalowska, head of consumer law at Leigh Day, described the response as an indication the firm will be "vigorously defending the claim" of mismanagement. As a result of this, Leigh Day is preparing to issue formal court proceedings against Woodford's former ACD on behalf of more than 7,000 clients. "We have received a 40-page response from Link following our LBA from Clifford Chance, Link's lawyers, who have indicated that they are vigorously defending the claim...
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