Brief: UK Judge Approves UK Redress Scheme For Woodford Investors

Link Administration Holdings

09/02/2024 10:18

Feb 9 (Reuters) - UK JUDGE:
    * CONCLUDES THAT SCHEME CREDITORS ARE THE BEST JUDGES OF
WHETHER
THEY SHOULD SETTLE THEIR  CLAIMS OR NOT ON  LINK FUND SOLUTIONS
    * CONCLUDES NOTHING SO WRONG WITH LINK FUND/ WOODFORD
SCHEME, OR
WAY IT WAS EXPLAINED TO SCHEME CREDITORS
    * CLAIMS THEY HAD AGAINST LFSL WERE NOT CERTAIN TO SUCCEED
ON LINK
FUND/WOODFORD SCHEME
    * COURT DECIDES THAT IT WILL ALLOW THE SCHEME TO TAKE EFFECT

Source text for Eikon:  ID: 
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 ((Reuters.Briefs@thomsonreuters.com;;))