RGL adds further 1,500 Woodford investors to lawsuit against Hargreaves Lansdown

The claim aims to recover losses suffered by investors as a result of the collapse of the former Woodford Equity Income fund (WEIF). The addition to the claimant list means the litigation company now represents about 6,600 investors in its lawsuit against HL. However, RGL said this would not be the final number of claimants as it is processing further claims and expected to add "a significant number" of investors in due course. The litigation company estimated its claim would be more than £200m, averaging about £20,000 per claimant. If successful, RGL will receive a ‘success fee' o...