Link

WOODFORD UPDATE 11 – Time to Act!

Implications of Justice Trower’s GLO ruling Register your interest in Woodford Compensation Now 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 ...

Letter to the Treasury Committee re FCA’s Woodford Enquiry

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 ...

ShareSoc Woodford Campaign Webinar 19th July – Report

  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 ...

Portfolio Adviser, 5 March 2021
Press coverage of Leigh Day Letter Before Action

A ShareSoc news item by Cliff Weight, Director. Portfolio Adviser carries a detailed report on Leigh Day sending its Letter Before Action (LBA) to Link in relation to the Woodford debacle, with quotes from ShareSoc Chair Mark Northway. “It’s fantastic news that another critical milestone has been hit in Leigh Day’s legal claim against Link. We are delighted for Woodford WEIF investors and gratified that we have endorsed this claim,” said Sharesoc chairman, Mark Northway. “Sharesoc reviewed the various potential claims and concluded that ...

FT, 8 Feb 2021, Woodford investor legal claim secures funding

ShareSoc is quoted at length in this extensive FT article on the Leigh Day claim against Link https://www.ftadviser.com/investments/2021/02/08/woodford-investor-legal-claim-secures-funding/ A legal claim on behalf of investors in the Woodford Equity Income fund has secured funding and the backing of the UK Individual Shareholders Society. In an update over the weekend the consumer body - known as ShareSoc - said it was in the "best interests" of those who lost money in the Woodford saga to join a claim led by law firm Leigh Day, which is now ...