Vanguard Made a Single Acquisition. Now, It’s Getting Sued

Vanguard Made a Single Acquisition. Now, It’s Getting Sued

Vanguard made its first acquisition in 2021, but by the looks of it, it may just be the last.  The Malvern, Pennsylvania-based firm is now facing a lawsuit stemming from the purchase of JustInvest, one of a handful of direct indexing platforms that were all the rage back in the early 2020s. The complaint alleges the world’s second-largest money manager acted in bad faith post-sale by thwarting certain business deals that would have led to payout…