Woodford faces another legal battle as third law firm pursues claims

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Third law firm pursues claims against Hargreaves Lansdown in the wake of the Woodford investment scandal

By A Daily Mail Reporter

Published: | Updated:

Another legal firm is exploring action against former fund manager Neil Woodford

A third law firm is pursuing claims against Hargreaves Lansdown in the wake of the Woodford investment scandal.

Nelsons, an East Midlands firm, is exploring legal action against the online investment platform which continued to support Neil Woodford’s doomed Equity Income fund right up to the moment it was suspended last year.

Savers who used Hargreaves’ platform to invest in Woodford Equity Income, which had been on the firm’s influential ‘best buy’ list, were stunned when the fund collapsed in June.

Nelsons’ Cathryn Selby said: ‘It’s clear that many investors relied upon the representations made by the positive wording on the website, or in its magazine, when making investment decisions.’

Nelsons has invited anyone affected by the closure of the £3 billion fund to get in touch. Two law firms, Leigh Day and Slater & Gordon, have confirmed they are also looking into launching claims.

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