Almost 3,500 investors who were trapped in Neil Woodford’s flagship equity fund before the collapse of his eponymous investment empire last year are preparing to take legal action to recover losses.
Three law firms, Slater & Gordon, Leigh Day and Nelsons Solicitors, are in the process of gathering complaints from investors who were locked into Woodford’s £3bn Equity Income fund after it was suspended in June. The news was first reported by The Telegraph.