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Vanguard’s settlement with the Texas-led states, February 2026

Vanguard paid $29.5 million to settle the states’ coal antitrust claims, without admitting wrongdoing. BlackRock and State Street are still defendants and deny coordinating.

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Dates
26 Feb 2026

Vanguard paid $29.5 million to settle the states’ coal antitrust claims, without admitting wrongdoing. BlackRock and State Street are still defendants and deny coordinating.

Connections 3

involved

  • The Vanguard Group settled, without admission Scholarship & press 1
  • State Street Corporation still a defendant; denies the claims Scholarship & press 2
  • BlackRock still a defendant; declined to comment on the settlement; its lawyers deny coordination Scholarship & press 2
Timeline 1 date
  1. 26 Feb 2026 Vanguard’s settlement with the Texas-led states, February 2026
Proof 2 sources
  1. Vanguard settles coal antitrust suit with Republican states for $29.5M, ESG Dive, 2 Mar 2026. Scholarship & press
    Vanguard did not admit to any wrongdoing or illegal conduct, but the settlement will require the firm to pay the 11 suing states $29.5 million
  2. Vanguard Settles Collusion Suit for $29.5 Million (Bloomberg, via Insurance Journal), Bloomberg, via Claims Journal, 26 Feb 2026. Scholarship & press
    lawsuit remains baseless and without merit. This settlement does not change that.
    The states had also sued BlackRock Inc. and State Street Corp., and that litigation remains ongoing.
    Lawyers for the three asset managers told the court in June that there is no evidence that they coordinated investment decisions or that the firms told any coal producer to cut output.
Page history 3 changes
  1. Second revision of Too Big to Fail: the FTC's 1917 finding, the 1952 report's seven firms, the 1984 hearing record, and corrected cards for Spirit, beef, tickets, Google and the final verdictAlibek05663c47
  2. Revise Too Big to Fail after the skeptic's review: read to 2 November 2026, a verdict card that separates findings from shares, the 1929 fight with its scandal and the board's stand, and sources for every cardAlibekc819f2cb
  3. Add the story Too Big to Fail: Standard Oil's stockholders, the phrase's origin in 1984, and market-by-market cases to November 2026Alibekaa9c434d

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