Legal Opinion
IN RE: VANGUARD CHESTER FUNDS LITIGATION
District Court, E.D. Pennsylvania
Decided November 20, 2023No. 2:22-cv-00955Unknown
1Opinion
IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA IN RE VANGUARD CHESTER FUNDS : CIVIL ACTION LITIGATION : : : NO. 22-955 : : MEMORANDUM MURPHY, J. November 20, 2023 If a fiduciary considers two options to accomplish the same objective, and option A carries certain drawbacks that option B does not, could choosing option A breach a fiduciary duty? Maybe. It could depend on the process followed by those who evaluated the options and made the choice. In December 2020, Vanguard changed a key aspect of its popular retirement-oriented mutual funds to make them more…
2Cases cited48 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Lujan v. Defenders of WildlifeSupreme Court of the United States · 1992
- In Re Burlington Coat Factory Securities Litigation. P. Gregory Buchanan, Jacob Turner and Ronald AbramoffCourt of Appeals for the Third Circuit · 1997
- Sandra Connelly v. Lane Construction CorpCourt of Appeals for the Third Circuit · 2016
- Clapper v. Amnesty International USASupreme Court of the United States · 2013
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