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Judge Rejects $40M Class-Action Settlement in Vanguard Target-Date Selloff Case
May 20, 2025 at 02:43 PM
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What You Need To Know
- In an SEC settlement, Vanguard agreed to pay $135 million to retail investors who were socked with massive tax bills when the firm triggered an exodus from a target-date fund.
- An objecting class member alerted the court to the SEC settlement.
- The SEC agreement means more money for class members, the judge found.
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