Link Fund Solutions is set to face another legal challenge regarding its role in the collapse of Neil Woodford’s flagship fund in 2019, as Harcus Parker began court proceedings against the authorised corporate director.
The multimillion-pound claim was filed on Friday (3 June), representing 1,500 claimants, with further claims to come as campaign has a further 5,500 investors already signed up. This adds to Leigh Day's case, which formally brought proceedings against Link back in September 2021, representing more than 11,000 claimants, arguing the ACD had failed in its responsibility to monitor the fund. Link said of the Leigh Day case that it would "vigorously defend the claim". RGL Management launched its legal cases against both Link and also Hargreaves Lansdown in March 2021, with the case bro...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
