Thousands more join lawsuit against Hargreaves Lansdown over Neil Woodford fund
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 17 2024
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Source: Yahoo Finance
Investor Lawsuit Against Hargreaves Lansdown: Thousands of investors are joining a lawsuit against Hargreaves Lansdown, claiming the platform continued to recommend Neil Woodford's failed equity fund despite being aware of its issues, with total claims expected to exceed £200 million.
Claims and Compensation Details: The litigation firm RGL Management is seeking to increase the number of claimants from 2,750 to over 5,000, alleging that Hargreaves Lansdown's actions led to significant investor losses, while compensation has already been provided to some through a separate scheme.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
