UK’s Hargreaves hit by lawsuit over Woodford fund failure

Claims management firm RGL has filed a multi-million pound lawsuit against Hargreaves Lansdowne, a top British investment platform, in London’s High Court on behalf of an initial 3,200 investors in connection with the firm’s promotion of the former flagship LF Woodford Equity Income Fund. RGL has secured ATE insurance for this phase of the litigation, and has indicated that it intends to add external litigation funding. Read more.