Woodford

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 ...

Baroness Altmann Announced as Keynote Speaker for ShareSoc Woodford Webinar – 19th July

Baroness Altmann, Consumer Finance champion, Member of the House of Lords and ex-Pensions Minister to speak at ShareSoc Woodford Webinar “The Cavalry is Coming” on 19 July at 4.30pm. Law firms Leigh Day and Harcus Parker joined forces and merged their claims via a Group Litigation Order (GLO*), announced on 15 June 2022. ShareSoc’s webinar on 19 July 2022 provides updates on progress, why the GLO is a big step forward and the impending deadline for joining a legal claim.  ...

Investment Week, 15 June 2022, Leigh Day and Harcus Parker merge Woodford claims for ‘unified front’ against Link

A Group Litigation Order will detail the claimants' allegations against Link, primary of which is alleged mismanagement of the former Woodford Equity Income fund. According to ShareSoc, which endorsed Leigh Day's legal claim in November 2020, the joint claim will represent around 20,000 claimants currently registered with the two law firms. Click here to read the article.

Citywire, 15 June 2022, Law firms join forces to battle Link over Woodford collapse

Citywire mentioned ShareSoc in their article about the merger of the Leigh Day and the Harcus Parker legal claims. Click here to read the article.

Policy and Campaigns – Progress Update 04 April 2022

Policy and Campaigns – Progress Update 4 April 2022 Since our last update in November 2021 (see page 16 here), we have worked on: 1. Consultation responses and government lobbying 2. Woodford Campaign 3. Voting Guidance and Shareholder Engagement 4. Shareholder Rights/Nominees 5. SVS/ITI 6. FCA liaison 7. FRC, BEIS, etc liaison 8. Campaigns 9. AIM regulation 1. Consultation responses and government lobbying. This continues to be a major area of work, where ShareSoc represents the interests of individual investors. We have submitted responses to: • FRC Endorsement Board – Draft Endorsement Criteria ...

Woodford Campaign Update 8 – 31 March 2022

1.     Leigh Day achieved a significant legal milestone and submitted their court proceedings against Link on 27 September. Leigh Day will shortly be submitting their particulars of claim, which is the next key milestone in the legal process. 2.     ShareSoc is planning a free webinar “Woodford – Real Progress” to update everyone on the latest progress on the claim, and news about regulation, retribution and redress. Please reserve the date - 28 June at 6pm. Further details will be sent out in ...

Investment Week, 15 March 2022, Calls grow for FCA to end ‘deafening silence’ as Woodford update ‘adds insult to injury’

ShareSoc director Cliff Weight is quoted in this article by Investment Week. Journalist James Baxter-Derrington asks why hundreds of thousands of investors in Woodford are still waiting for something from the FCA. (Subscription may be required)

Policy and Campaigns – Progress Update 20 Dec 2021

Since Oct 12 (see previous update here), we have worked on: Audit and Governance reform: many members have told us of their concerns about the disasters at Carillion and many others. We view the audit and governance reforms as crucial and have pressed for these to be moved forward as quickly as possible. We are concerned about lobbying to slow down this progress and co-signed a letter to the FT which was published on 12 Nov. 21. Woodford Campaign: ...

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”. ...