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Vanguard to Pay $40M in Target-Date Sell-Off Case
ThinkAdvisor 
Dec. 24, 2024 "Vanguard has agreed to pay $40 million to settle a long-running lawsuit over a selloff that investors likened to an 'elephant stampede' from its target-date funds that left retail investors to take a huge capital gains tax hit. The selloff involved multimillion-dollar corporate retirement plans getting out of the standard target funds and into the institutional equivalents." [Verduce v. Vanguard Chester Funds, No. 22-0955 (E.D. Penn. settlement agreement filed Nov. 6, 2024)] MORE >> |
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