Anapol Weiss is proud to share the successful resolution of a significant legal battle, culminating in a $40 million settlement for Vanguard investors. The settlement addresses claims that Vanguard breached its fiduciary duties, resulting in substantial tax burdens for smaller investors who were forced to sell off assets.
The case, filed in 2022, highlighted the impact of Vanguard's decision to lower fees by restructuring certain funds. This move inadvertently caused many investors in taxable accounts to incur unexpected and significant capital gains taxes. After extensive litigation and negotiations, the settlement delivers meaningful relief to affected investors, representing a strong recovery given the complexity and risks of continued litigation.
This outcome was achieved through the collective efforts of a skilled team of attorneys, including Anapol Weiss’s Of Counsel, Richard Golomb and Kevin Fay, who collaborated with colleagues from other firms. Their work ensured a fair and prompt resolution for the class of investors impacted by Vanguard’s actions.
For further details on the settlement and its significance, read the full article on Law360.
This settlement highlights the importance of advocating for investor rights and reinforces our firm’s dedication to achieving justice for those who have been wronged.
