Implications of Justice Trower’s GLO ruling
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https://www.sharesoc.org/campaigns/woodford-campaign/ for more information
Justice Trower refused the Group Litigation Order application and very sadly denied the request to require Link to inform potential claimants of their opportunity to claim.
Justice Trower says it is not the court’s job to “encourage potential claimants to litigate”. So, it is up to you to make your decision. ShareSoc’s role is to highlight the issues for you to consider.
In para 53 onwards he explains the ...
The Financial Conduct Authority gave scant detail on progress regarding Woodford, in a letter to the Treasury Committee dated 14th December 2022 (published 11th January 2023), responding to questions posed during the hearing and updates to the Committee on progress in certain areas.
ShareSoc considers the FCA letter to be insufficient. We have written to the Committee saying “we respectfully request that the Committee consider asking members of the FCA to appear before the Committee in person so that the progress of ...
We received very strongly positive feedback from the 832 registrants to this webinar. A recording of the webinar is available here.
The Missing 90%
The webinar highlighted the Enigma of the missing 90% of claimants. We think up to 270,000 investors have yet to claim and we plan to issue a press release highlighting this and some of the points below:
Nearly 300,000 investors lost money in the Woodford Equity Income Fund (WEIF)and now have an opportunity to claim compensation, but so far ...
Leigh Day issued court proceedings against Link on Monday 27 September 2021.
This is a huge step forward in getting compensation for the many thousands of unfortunates who lost money in Woodford’s WEIF funds. Leigh Day’s issuing of proceedings is a big milestone.
We are concerned, however, that roughly only 5-10% of the 270,000 or so investors seem to have joined any claim so far. We urge all WEIF investors to join a claim. We believe that Leigh Day are streets ahead of ...
ShareSoc's director Cliff Weight was quoted in this article in Today UK News:
Cliff Weight, Woodford campaign director at ShareSoc, added: “This is a huge step forward in getting compensation for the many thousands of unfortunates who lost money in Woodford’s WEIF funds. Leigh Day’s issuing of proceedings is a big milestone.”
ShareSoc was quoted in this article in Law 360:
ShareSoc, a campaigning organization that represents shareholders, said on Monday that the case is a "huge step forward in getting compensation for the many thousands of unfortunates who lost money."
ShareSoc director Cliff Weight is quoted in this article in This is Money:
Cliff Weight, Woodford Campaign Director at ShareSoc said: 'This is a huge step forward in getting compensation for the many thousands of unfortunates who lost money in Woodford’s WEIF funds.
'Leigh Day’s issuing of proceedings is a big milestone.'
Woodford Investors are flocking to ShareSoc’s What Happens Next event (30/09/21 at 5pm), headlined by Jeff Prestridge, Personal Finance editor of the Mail on Sunday. Tell your friends and family if they invested in a Woodford fund that they need to join them.
It’s time to update Woodford investors and ShareSoc Campaign members on progress to date. As well as update you on the prospects of you claiming back some of the losses and the potential timeline of when you might get ...
ShareSoc News Item by Cliff Weight, Director
At the 9 March 2021 Woodford webinar, there were over 100 questions from the 947 people registered. Many were answered on the night. Leigh Day have now produced answers to the unanswered questions which are conveniently grouped into 7 different themes.
Mello Woodford webinar - questions and Leigh Day responses final (07-04-2021)
The Woodford webinar organised by ShareSoc and Mello Events was featured on Investment Week on 10/03/21
Woodford investors 'must be prepared to go all the way to trial'
The article, signed by James Baxter-Derrington, quotes ShareSoc's director Cliff Weight, who called for a "significant change in culture" in the FCA when investigating cases like Woodford.