Vanguard misled investors about its ethical fund, Federal Court finds
Sydney Morning Herald
The asset manager wasn’t truthful about its $1 billion ethical fund, the court ruled in a major win for the corporate regulator..
The United States district courts are the trial courts of the U.S. federal judiciary. There is one district court for each federal judicial district. Each district covers one U.S. state or a portion of a state. There is at least one federal courthouse in each district, and many districts have more than one. District court decisions are appealed to the U.S. court of appeals for the circuit in which they reside, except for certain specialized cases that are appealed to the U.S. Court of Appeals for the Federal Circuit or directly to the U.S. Supreme Court.
The asset manager wasn’t truthful about its $1 billion ethical fund, the court ruled in a major win for the corporate regulator..