Leigh Day has officially started court proceedings against Link Fund Solutions in relation to its role in the failed Woodford Equity Income fund.
The move comes following the end of discussions pertaining to the 40-page Letter Before Action sent by the firm to Link's lawyers Clifford Chance in March 2021. Link made clear its intention to "vigorously defend" the claim three months later in June, when the firm responded to Leigh Day's allegations of mismanagement. The claims against Link state the firm was in breach of FCA rules regarding its management and monitoring of the fund, which "ultimately led to the fund's collapse". According to a statement from Leigh Day, the case "has now reached a stage where the legal team for t...
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