Article: Hargreaves Lansdown faces legal action over Woodford fund

Article - Media, Publications

Hargreaves Lansdown faces legal action over Woodford fund

Pedro Gonçalves,  22 March 2021

RGL Management has formally launched legal action against Hargreaves Lansdown, which continued to recommend Woodford Equity Income to its clients right up until its suspension in June 2019, even though its analysts raised concerns in 2017.

RGL Management has taken legal action against both Hargreaves Lansdown Asset Management and Link Fund Solutions, the fund’s authorised corporate director, as it was first reported by This Is Money and The Times.

The claims will centre around losses sustained directly as a result of the collapse of WEIF and also for “loss of opportunity” losses, suffered through missing out on alternative investments that, in contrast to WEIF, would have generated positive returns. Continue reading “Article: Hargreaves Lansdown faces legal action over Woodford fund”

Article: US charges Russian billionaire Tinkov with tax fraud

Article - Media, Publications

US charges Russian billionaire Tinkov with tax fraud

Pedro Gonçalves, 09 March 2020

Tinkov stands accused of concealing $1bn in assets and income from the US tax authorities at the time when he renounced his US citizenship in 2013, which required him to report his assets following a stock market flotation in London, the Department of Justice said. Continue reading “Article: US charges Russian billionaire Tinkov with tax fraud”