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Hargreaves Lansdown Faces £100 Million Lawsuit From Neil Woodford Fund Investors

  • RGL files suit against HL, Link Fund Solutions in London
  • Law firms have been gathering complaints from investors
Neil Woodford
Neil WoodfordWoodford Investment Management

Hargreaves Lansdown Plc faces a £100 million ($113 million) lawsuit from thousands of investors who suffered losses from the collapse of fallen stock picker Neil Woodford’s equity income fund.

RGL, the group running the claim, said it had filed the suit in London behalf of 3,200 investors against the investment management service because it recommended the Woodford Equity Income Fund until the day of the fund’s collapse despite its “portfolio diversification and liquidity issues.”