Vanguard says it settles litigation filed by Texas attorney general and other states

Vanguard says it settles litigation filed by Texas attorney general and other states

Feb 26 (Reuters) - Fund manager Vanguard ‌Group said on ‌Thursday it has settled ​litigation filed by the Republican attorneys general of Texas ‌and ⁠other states, who had alleged the ⁠fund manager and rivals had ​violated ​antitrust ​law through ‌their climate activism.

Reuters

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A spokesman for Vanguard of Pennsylvania did not immediately disclose terms ‌of the ​settlement, ​but ​the company said ‌in a statement ​it ​reaffirms "the passive nature of our ​index ‌funds."

(Reporting by Ross ​Kerber, Editing by ​Franklin Paul)

 

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