Hargreaves Lansdown faces further Woodford legal claim
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Hargreaves Lansdown is facing a lawsuit from over 5,000 investors related to Neil Woodford's collapsed equity fund. The claim, led by RGL Management, alleges that Hargreaves promoted the fund despite knowing its issues.
November 18, 2024 | 8:45 am
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Hargreaves Lansdown is facing a legal claim from over 5,000 investors regarding the promotion of Neil Woodford's collapsed fund, potentially impacting its reputation and financials.
The lawsuit involves a significant number of investors and serious allegations about Hargreaves Lansdown's promotion of a problematic fund. This could lead to financial liabilities and damage to its reputation, likely affecting its stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100