QuoteWoodford funds will have absolutely no comeback unless they can prove that their due diligencers were purposely deceived. They (and their investors) accept that there will always be heightened risks when investing in unlisted companies working with new technologies
And relevant to this is Dewey's statements about the warnings about Rossi from Darden to investors which Dewey felt were over the top.
Woodford would I guess have invested on assurance from the Lugano and other test reports. They had poor technical advice, if Lugano results were billed as positive.