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N/A.US
id: 1667

Vanguard Chester Funds Investor Settlement

Late claims are being considered for compensation, subject to approval.
$25,000,000
Cash Settlement
E.D. Pennsylvania
Court
2:22-cv-00955
Case number
01/01/2021
Class period Start
12/31/2021
Class period End
02/03/2026
Claim deadline
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.
Case Type
US Securities Class Action
Case Status
Accepting Late Claims
Alleged Offence
Mismanagement, 
Misleading Statements, 
Financial Misrepresentation, 
Failure to Disclose
Suspected Party
Directors, 
Management, 
Service Provider
Security Type
Stocks
Trade Direction
Long
Filing date
03/14/2022
Plaintiffs
Haifan Liang ; Julia Lucas ; Donald R. Lichtenstein ; Samuel B. Skraly ; Ardes Poisson ; Valerie M. Verduce ; John Harvey ; Caitlin Brigham ; Jeffrey Chaussee ; Zeb Bradford ; Benjamin Deming ; James Daily
Attorneys
The Rosen Law Firm, P.A.
Defendants
Mortimer J. Buckley; John Bendl; Christine M. Buchanan; John E. Schadl; Emerson U. Fullwood; Amy Gutmann; F. Joseph Loughrey; Mark Loughridge; Scott C. Malpass; Deanna Mulligan; André F. Perold; Sarah Bloom Raskin; Peter F. Volanakis
Administrator
Strategic Claims Services
Court hearing date
01/06/2026
Exclusion deadline
12/16/2025
Objection deadline
12/16/2025
Attorney fee
$9,291,333
Trades matching type
FIFO

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