Vanguard Chester Funds Investor Settlement
Vanguard Chester Funds has reached a settlement with investors over claims that it misled them about fund management, the risks involved, and the nature of its investments.
Outline:
Vanguard Chester Funds made statements about its fund management practices and investment strategies. Investors later alleged the funds failed to disclose material information about risks and oversight. After investors filed a class action lawsuit, the parties entered mediation to resolve the dispute. Following mediation in 2025, the parties agreed to a settlement.
Timeline:
March 2022: Investors filed a class action lawsuit against The Vanguard Group, Vanguard Chester Funds, and certain executives in the Eastern District of Pennsylvania.
June 6, 2025: The court stayed case deadlines through August 7, 2025 to allow settlement discussions.
July 31, 2025: The parties participated in mediation before the Hon. Layn Phillips.
August 7, 2025: The parties notified the court that they had reached an agreement in principle to settle the case.
September 22, 2025: Plaintiffs were scheduled to move for preliminary court approval of the settlement.
Background:
The case involves allegations that Vanguard Chester Funds and certain officers and trustees failed to disclose or misrepresented material information about fund management practices and investment decisions. Investors alleged these actions affected the funds’ performance and created risks that were not fully disclosed.
Plaintiffs claimed that statements about the funds’ management, investment strategies, and oversight did not accurately reflect the risks associated with the investments. According to the complaint, these alleged omissions and misrepresentations caused financial harm to investors.
The lawsuit was filed in March 2022 in the U.S. District Court for the Eastern District of Pennsylvania. The litigation proceeded through motion practice and discovery before the parties agreed to mediation in 2025.
After mediation on July 31, 2025, the parties informed the court that they had reached an agreement in principle to resolve the case. The defendants denied wrongdoing but agreed to settle the dispute subject to court approval.
What Can Investors Expect Now?
Vanguard Chester Funds has reached a settlement with investors to resolve claims tied to statements about fund management practices, investment risks, and oversight.
If you were damaged due to this situation, you can file for a payout and get your share of the settlement. You can check if you are eligible and other details in the FAQ section.
Frequently Asked Questions
All persons and entities who purchased or held shares of Vanguard Chester Funds between January 1, 2021, and December 31, 2021, and were damaged thereby.
No, if you have purchased securities within the class period, you are eligible to participate.
You can participate in the settlement and retain (or sell) your securities.
The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
If you're eligible, you can file your claim directly from this case page by clicking the "Collect Payout" button.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed — or file manually for this case.
11th.com is an investor recovery company that helps investors track and collect securities class action settlements. We will:
1. Prepare documents for your payout.
2. Audit the claim and make sure you get the maximum possible payout.
3. File a claim with the settlement administration.
4. Correspond with the settlement administration to resolve emerging issues.
5. Deliver payout directly to your brokerage account.
There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.