Vanguard to pay $40M to settle 'elephant stampede' investor case

Target-date fund holders who invested through taxable accounts absorbed a giant capital gains distribution because of the firm's flub, the plaintiffs say.

Nov 8, 2024 - 03:00
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Vanguard to pay $40M to settle 'elephant stampede' investor case
Target-date fund holders who invested through taxable accounts absorbed a giant capital gains distribution because of the firm's flub, the plaintiffs say.