Thousands of Neil Woodford investors sue Hargreaves Lansdown

Investors are still grappling with the aftermath of Neil Woodford’s collapsed UK equity fund, with over 5,000 individuals now suing Hargreaves Lansdown for allegedly continuing to promote the fund despite being aware of its issues. Woodford’s fund suffered due to poor stock choices and illiquid assets, leading to its closure and subsequent compensation offers to investors. Those who invested in the fund through Hargreaves Lansdown can still join the High Court claim against the investment platform, with potential deductions from the proceeds if successful.

Full Article