On May 19, 2025, the United States District Court for the Eastern District of Pennsylvania (the “Court”) denied final approval of a $40 million proposed settlement in a major class action lawsuit against The Vanguard Group,...more
7/15/2025
/ Breach of Duty ,
Class Action ,
Damages ,
Fiduciary Duty ,
Investment ,
Investment Funds ,
Investors ,
Litigation Strategies ,
Regulatory Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Settlement ,
Settlement Agreements
On June 30, the U.S. Supreme Court agreed to hear a case that will determine whether Section 47(b) of the Investment Company Act of 1940 (ICA) creates a private right of action for shareholders of registered investment...more
7/3/2025
/ Activist Investors ,
Appeals ,
Asset Management ,
Investment Advisers Act of 1940 ,
Investment Company Act of 1940 ,
Investment Funds ,
Investment Management ,
Private Funds ,
Private Right of Action ,
Regulatory Oversight ,
SCOTUS ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Securities Regulation ,
Shareholder Litigation ,
Shareholders
The 2025 ICI Investment Management Conference was noteworthy for the change in tone from the SEC officials in attendance, including Acting Chairman Mark Uyeda, as well as IM Director Natasha Greiner, who suggested that there...more
4/18/2025
/ Financial Markets ,
Financial Services Industry ,
Investment Advisers Act of 1940 ,
Investment Management ,
Investors ,
Proposed Rules ,
Regulatory Agenda ,
Regulatory Reform ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Securities Regulation