Woodford Investment Management  

Link 'does not agree' with FCA's view over Woodford handling

In June this year, two law firms united to take Link to court over its handling of the fund’s demise.

Leigh Day and Harcus Parker submitted a group litigation order at the High Court on behalf of more than 3,000 investors in the fund.

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The claim alleges that Link breached the FCA’s rules in its performance as the authorised corporate director of the Woodford Equity Income Fund, saying it failed to ensure that the fund was managed in accordance with the Collective Investment Schemes sourcebook of the FCA handbook.

The firms believe the claim will be worth more than £100mn.

Link denies the claims.