Anyone else taking action against Woodford Equity Income Fund?

dllive

I lost a few hundred pounds with Neil Woodford's debacle. Its small change thankfully.

Ive just seen this No Win No Fee claim: https://www.leighday.co.uk/Product-safety-and-consumer-law/Consumer-law/Woodford-group-claim

It looks good. Curious to know if anyone on here is joining?

Thanks

ColdIron

It's probably a fruitless endeavour

This may be of interest

https://forums.moneysavingexpert.com/discussion/6207846/woodford-lf-equity-income-fund-class-actions/p1

dllive

Thank you. This evening I shall pour myself a stiff drink and read that thread. (and then likely pour myself another)

[Deleted User]

dllive said:

Thank you. This evening I shall pour myself a stiff drink and read that thread. (and then likely pour myself another)

I've lost few hundred also, but that's from jumping ship just before it went down, so AFAIK I am not eligible for anything as I've executed buy and then sell few months later as usual.

I've read whole of that thread. Took me many evenings and many glasses of wine ^^

Money_Grabber13579

Yes, the action I’ve taken is to add Neil Woodford to my blacklist, so that I never invest in any of his junk again.

dllive

Money_Grabber13579 said:

Yes, the action I’ve taken is to add Neil Woodford to my blacklist, so that I never invest in any of his junk again.

I dont think theyll be much chance of you having the opportunity to invest with him again. Surely he will hang-up his boots and enjoy his many millions on his sterile Cotswold farm; racing his horses and being a gentleman farmer. (Or whatever it is the idol rich do with their time).

Are you not tempted to join the claim?

Thrugelmir

dllive said:

Money_Grabber13579 said:

Yes, the action I’ve taken is to add Neil Woodford to my blacklist, so that I never invest in any of his junk again.

I dont think theyll be much chance of you having the opportunity to invest with him again. Surely he will hang-up his boots and enjoy his many millions on his sterile Cotswold farm; racing his horses and being a gentleman farmer. (Or whatever it is the idol rich do with their time).

He'll be back in another form. Never write people like him off.  

Moe_The_Bartender

Thrugelmir said:

dllive said:

Money_Grabber13579 said:

Yes, the action I’ve taken is to add Neil Woodford to my blacklist, so that I never invest in any of his junk again.

I dont think theyll be much chance of you having the opportunity to invest with him again. Surely he will hang-up his boots and enjoy his many millions on his sterile Cotswold farm; racing his horses and being a gentleman farmer. (Or whatever it is the idol rich do with their time).

He'll be back in another form. Never write people like him off.  

Doubtful. The Woodford brand is toxic.

dllive

ColdIron said:

It's probably a fruitless endeavour

But would the solicitors bother doing this on NWNF if they didnt think there was a good prospect of success?

Moe_The_Bartender

dllive said:

ColdIron said:

It's probably a fruitless endeavour

But would the solicitors bother doing this on NWNF if they didnt think there was a good prospect of success?

Their target is Link for failure to carry out their responsibilities. The argument is that it was their job to ensure, amongst other things, that the fund had sufficient liquidity to meet redemptions and they failed to do that. I doubt that they would go after Woodford personally or Hargreaves Lansdown for promoting the fund when it was clearly in trouble.

Thrugelmir

Moe_The_Bartender said:

Thrugelmir said:

dllive said:

Money_Grabber13579 said:

Yes, the action I’ve taken is to add Neil Woodford to my blacklist, so that I never invest in any of his junk again.

I dont think theyll be much chance of you having the opportunity to invest with him again. Surely he will hang-up his boots and enjoy his many millions on his sterile Cotswold farm; racing his horses and being a gentleman farmer. (Or whatever it is the idol rich do with their time).

He'll be back in another form. Never write people like him off.  

Doubtful. The Woodford brand is toxic.

Been back at work for a while.