Woodford

Policy and Campaigns – Progress Update to 12 October 2021

Since June 14 (see https://www.sharesoc.org/sharesoc-news/policy-and-campaigns-progress-update-14-june-2021/  for previous update), ShareSoc's Policy and Campaigns' team have worked on:   Woodford Campaign: Leigh Day have submitted their claim. They now have 11,000 claimants and another 3,000 registered, but yet to sign their Leigh Day agreement. We held a very successful webinar on 30 Sept with 942 registrants. ShareSoc’s Woodford Campaign now has over 1,500 members, which enables us to lobby strongly for regulatory change and to hold to account those who have done wrong.  ...

Woodford Campaign Update 7
7 October 2021

1. Leigh Day achieved a significant legal milestone and submitted their court proceedings against Link on 27 September. 2. 942 people registered for ShareSoc’s “Woodford: What Happens Next” webinar with 684 attending. This was our biggest webinar ever and possibly the biggest webinar of its kind. 3. Exclusive Special Offer for Campaign members (which came with free ShareSoc Associate membership). You can now Upgrade to FULL Membership, allowing you to watch recordings of Woodford webinars including “What Happens Next” and “What Went Wrong”. ...

Woodford: What Happens Next? – Webinar Report

This is an official ShareSoc News Item written by ShareSoc Director Cliff Weight. 942 registered for ShareSoc’s webinar with 684 attending. Wow! Our biggest webinar ever and possibly the biggest webinar of its kind. Also, we now have 1,465 members of our Woodford Campaign. With these sorts of numbers we can pack much more of a punch with the FCA, Government and Hargreaves Lansdown. The Campaign has socially responsible aims of making the investment world a better place. It very much fits in ...

Mail on Sunday, 02 October 2021, Woodford investors may have to wait another three years for compensation if watchdog fails to intervene

Jeff Prestridge extensively covers the ShareSoc "Woodford: What Happens Next webinar", attended by nearly 700 people. Specifically mentioning ShareSoc's endorsement of the Leigh Day claim as well as Alan Miller's excoriating analysis of Link's poor oversight of the Woodford fund. Click here to read the article.

Investment Week, 01 October 2021, Leigh Day’s Boz Michalowska: Woodford-style scandal will happen again if rules aren’t tightened

Investment Week covered our event on Woodford and published a summary of the Q&A with Leigh Day's Boz Michalowska. Click here to read more.

Leigh Day issue court proceedings against Link

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 ...

TodayUKNews, 28 September 2021, Update: Link vows to defend itself as Leigh Day Woodford case heads to court

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.”

Law360, 28 September 2021, Investors Take Woodford Fund Administrator To Court

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."

This is Money, 27 September 2021, Wounded investors to get their day in court as they try to recoup losses from the collapse of Woodford’s fund

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 – What Happens Next? 30 September 2021 – 5pm-6:30pm

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 ...