The spectacular demise of the Woodford Equity Income Fund (WEIF) in 2019 has left investors short of billions of pounds. RGL Management has already filed an initial tranche of claims in The High Court on behalf of thousands of investors who suffered significant losses as a result of the WEIF’s collapse.

The RGL legal team has concluded that there is a strong case, not only against Link Fund Solutions (Link), which was the Authorised Corporate Director (ACD) of the WEIF, but also against Hargreaves Lansdown, the UK-based investment platform, for continuing to recommend investing in the Woodford fund even though it appears they knew of liquidity issues in the WEIF from November 2017.

You can still join the action if you lost money due to the Woodford collapse. Register your interest to join the case here.

IMPORTANT UPDATE… Join the Group Action against Hargreaves Lansdown    

In the light of the recent vote to accept the Link Scheme, RGL’s Group Action against Hargreaves Lansdown is now the only claim seeking full recovery of losses for Woodford investors.

RGL has already commenced proceedings against Hargreaves Lansdown.

Key benefits:

– Nothing to pay until claim is successful;

– Success fee (25% inc VAT) – deducted only on success;

– No risk – claimants are fully insured by RGL;

– Proceedings already issued for 2716 claimants;

– A further cohort of claimants is currently being prepared.

Even if you’re awarded redress via the Link Scheme, and/or even if you were previously registered with another firm against Link, as long as you invested in the WEIF through Hargreaves Lansdown you can Register with RGL to make a claim.

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Who is eligible to claim?

Anyone who invested in the Woodford Equity Income Fund is able to register with RGL as part of RGL Woodford Group Litigation.

Some investors may believe their case is not worth pursuing due to only investing a small amount. Rest assured, all claims are being looked at and assessed, regardless of the amount, when building the legal action.

What compensation are you entitled to?

Investors could be entitled to legal damages in respect of losses suffered after the Woodford Fund, managed by Neil Woodford, was suspended in June 2019 and subsequently wound up. These developments prevented investors from withdrawing their funds, resulting in billions of pounds of losses.

There will be claims for losses sustained directly as a result of the collapse of the Woodford Fund and also for “loss of opportunity” losses, suffered through missing out on alternative investments that, in stark contrast to the Woodford Fund, would have generated returns.

RGL offers market-leading deductions

RGL’s group action is the only one filing claims against Hargreaves Lansdown as well as Link, but we’re also in a position to offer the lowest deduction from gross proceeds – and only from a successful claim.

  Success fee Defendants
Provider inc VAT HL Link
RGL Management 25% yes yes
Leigh Day 30% no yes
Harcus Parker 42% no yes

How do I register my interest?

If you believe you have a valid claim and are entitled to Woodford compensation – regardless of the amount – and you wish to know more, please visit our registration page and enter your details.

There is no cost or financial risk involved in registering and pursuing legal action through RGL. Legal costs will be paid on behalf of claimants. should the claims not be successful, the defendant’s costs will be covered by insurance and will not be payable by the claimants.

Completing the Woodford Litigation registration form takes less than 5 minutes. Alternatively, you can email sharonbryan@woodfordlitigation.com or call 01584 778044.

What is RGL investigating?

RGL and its legal team firmly believe investors in the Woodford Equity Income Fund (WEIF) are entitled to compensation as a result of its demise. This includes anyone who invested through the Hargreaves Lansdown platform, but also includes anyone who did not invest via Hargreaves Lansdown.

Discover more about what we are investigating and why here.

Will I recover my investment in the Woodford Fund?

RGL’s goal is to ensure those who invested in the Woodford Fund recover the compensation they deserve.

The views of a highly eminent QC from top chambers, One Essex Court, have been sought and the counsel’s conclusions are very promising from the perspective of investors. Legal causes of action of real substantive merit are available that, if proven, would entitle a reimbursement of losses suffered.

Teaming up with commercial litigation solicitors, Wallace LLP, a significant amount of work has been undertaken to assess the potential range of claims and compensation available to WEIF investors. This includes a legal analysis of the duties of Link as the Authorised Corporate Director (ACD) of the WEIF, and also of the information provided to investors in the WEIF through Hargreaves Lansdown’s Wealth 50 and, its precursor, the Wealth 150.

As a result of this work, the first claims have already been filed in Court.

Why choose RGL when seeking Woodford Compensation?

Pursuing legal action against large, well-financed businesses and corporations on your own is extremely difficult, time consuming and expensive.

RGL brings people together to pool resources, knowledge, and claims, so that real, impactful results can be achieved.

We at RGL Management are litigation specialists, with extensive expertise in law, investment banking, corporate operational management, and claimant communication.

Learn more about us here.

Register for Woodford Legal Action
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