Judge approves Vanguard's revised settlement over mutual fund tax bills

By Jonathan Stempel (Reuters) -A federal judge approved Vanguard Group's $25 million settlement of a lawsuit accusing the U.S. mutual fund company of improperly saddling investors in its target-date funds with inflated tax bills. U.S. District Judge John Murphy in Philadelphia granted preliminary approval on Monday, calling the settlement sufficiently fair, reasonable, and adequate, after rejecting a $40 million settlement on May 19. Murphy objected because Vanguard could have offset the $40 million fro ...