Link Fund Solutions first court hearing extended as parties clash over class meetings

While it had been expected the hearing, which saw Link Fund Solutions apply for permission to call a meeting of scheme creditors to vote on the proposed compensation, would be concluded within a day, disputes regarding class composition have led the hearing to be adjourned. Felicity Toube KC, representing LFS, argued for all scheme creditors to be classified under a single class, offering all investors, both retail and institutional, a single meeting with equal votes on the scheme, suggesting that all scheme creditors hold the same rights against LFS. Woodford investors set for early ...