FT, 17 Feb 2021, Neil Woodford’s relaunch plan prompts calls for independent inquiry

The Woodford interview in the Telegraph https://www.telegraph.co.uk/business/2021/02/13/exclusive-neil-woodford-launch-comeback-fund-says-sorry-did/ has generated an enormous amount of media coverage including this excellent coverage for ShareSoc in the FT.

https://www.ft.com/content/3c029f46-3cb4-4a74-a4cc-b74c3fe687df Neil Woodford’s relaunch plan prompts calls for independent inquiry

The FT article includes these quotes from ShareSoc and Leigh Day:

Cliff Weight, a director at shareholder rights’ group ShareSoc, said Woodford’s plan to return to managing money had “appalled” retail investors.

“It is a huge kick in the teeth for those whose money Woodford lost,” he said.

ShareSoc is supporting a group claim on behalf of investors against Link, the authorised corporate director of the collapsed Woodford Equity Income fund.

Law firm Leigh Day is bringing the legal action. It said it believed that Link had breached FCA rules because it allowed the Woodford Equity Income Fund to hold excessive levels of illiquid or difficult-to-sell investments, which led to significant losses for investors.

A more comprehensive list of recent press coverage related to ShareSoc’s Woodford Campaign is in the Woodford Forum https://www.sharesoc.org/forums/topic/latest-news/#post-16954

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