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Friday, January 10, 2020

Investors Preparing To Sue Woodford

The Telegraph reports that almost 3,500 investors are preparing legal action in a battle to recover losses inflicted by the collapse of Neil Woodford’s investment empire.

The savers are weighing up possible claims against Woodford, his investment company, the supervisor of his funds and the platforms and advisers that recommended and marketed the discredited stock picker’s operation.

About 300,000 investors had their savings locked up when Woodford’s flagship Equity Income fund was suspended in June.

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