Vanguard, Investors Win Final Approval of Capital Gains Tax Pact

Vanguard Group Inc.'s $25 million settlement with investors who accused the brokerage of causing its clients unexpected and preventable capital gains taxes won final approval from a federal court.

The deal, preliminary approved in September, was blessed Thursday by Judge John F. Murphy of the US District Court for the Eastern District of Pennsylvania following a Jan. 5 hearing.

• The investors sued over a 2021 move by Vanguard that lowered the minimum investment amount needed to access its institutional funds, allegedly causing a “stampede” out of retail funds and forcing them to sell off assets to meet the redemption requests ...