The Sunday Telegraph has run a puff piece of PR for Neil Woodford in which he says, “I am sorry”. https://www.telegraph.co.uk/business/2021/02/13/exclusive-neil-woodford-launch-comeback-fund-says-sorry-did/
Well, I am sorry too. I don’t accept Neil Woodford’s apology. WoodfordPayBack time is here.
Woodford says that Link were wrong to close his fund, which led to a fire sale of many of his investments. I do at least agree with him on this.
It is a scandal that events occurred so that shares in illiquid assets had to be sold at ...
https://www.thisismoney.co.uk/money/markets/article-9234205/Neil-Woodford-fund-savers-begin-legal-battle-compensation.html. This article explains the key milestones that have been achieved and refers to ShareSoc :
More than 3,000 people have signed up to the case, which is backed by retail investor association ShareSoc, and a mass marketing campaign will encourage more people to join.
The article also notes that "Up to 500,000 people were affected by the Woodford scandal". We hope that many will join our campaign and ShareSoc to help make the investing world a better place.
This publicity follows on from ...
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 ...
Below is the first of what we plan to be regular updates to members advising them of what we have done in this very important campaign.
Woodford January NEWSLETTER
The Investors’ Chronicle have published a long article today. https://www.investorschronicle.co.uk/news/2020/12/30/misplaced-trust/. We understand the Investors’ Chronicle has 30,000 readers.
Most of the article describes what happened. The crunchy bit is at the end…..
Five law firms have considered the viability of taking legal action, but which is the best one to turn to? ShareSoc, ever the champion of the private shareholder, has endorsed Leigh Day, who decided that Link was most at fault. The firm says that the case stems from Link breaching ...
ShareSoc invites everyone concerned about Woodford, particularly investors in the LF Woodford Equity Income Fund (WEIF), the LF Woodford Income Focus Fund (WIFF), Woodford Patient Capital Trust plc (WPCT) and Hargreaves Lansdown Multi Manager Funds (MMF), to join the ShareSoc Woodford Campaign.
Many individual investors lost money as a result of the dramatic loss in value of assets within investment vehicles managed by Woodford Investment Management Limited. ShareSoc is keen to establish whether there is realistic recourse available for affected investors, to ensure that ...