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Vanguard Accused of Misrepresentation in JustInvest Deal
News July 14, 2025 at 05:18 PM
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What You Need To Know
- In its first-ever acquisition, Vanguard acquired JustInvest, now operated as Vanguard Personalized Indexing Management, in 2021.
- Most of the payout for the deal was tied to performance, the suit states.
- Vanguard tried to prevent JustInvest from meeting its performance targets by firing its founders and scuttling a $900 million deal, the shareholders allege.
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