Two law firms representing Woodford Equity Income Fund victims team up

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Two law firms representing Woodford Equity Income Fund victims team up to chop prices and share sources

Two of the law firms representing savers trapped in Neil Woodford’s doomed fund have joined forces.

Leigh Day and Harcus Parker, which had been each pursuing a declare in opposition to Link Fund Solutions for its supervision of the fund supervisor, will unite their instances to chop prices and share sources.

The mixed declare will characterize greater than 2,500 savers who suffered losses when Woodford’s Equity Income Fund fell aside in 2019.

Legal combat: Some 2,500 savers suffered losses when Neil Woodford’s Woodford’s Equity Income Fund fell aside in 2019

Both law firms are additionally urging any savers who nonetheless have money caught within the Equity Income Fund to affix their declare. They consider 300,000 buyers might have been affected by its collapse.

The Equity Income Fund collapsed after a run of poor efficiency brought on too many buyers to attempt to pull their money out. They are nonetheless ready to get their money again as £140.9million remains to be tied up.

Link was speculated to supervise Woodford’s administration of the fund. It has denied any legal responsibility to buyers and claims it didn’t breach any guidelines.

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