Vanguard to pay $29.5M to settle multi-state collusion lawsuit

By

Madlin Mekelburg&

News February 27, 2026 at 10:00 AM

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What You Need To Know

The lawsuit, brought by 12 states, accused the asset manager of colluding to manipulate the energy market and reduce coal output.
The states also sued BlackRock and State Street.
That litigation remains ongoing.

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