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Sunday, October 11, 2026

Vanguard Loses Bid To Keep Clients From Ex-Adviser's Grasp - Law360

By Hayley Fowler (June 7, 2022, 6:15 PM EDT) -- Vanguard can't stop a former high-value investment adviser from poaching clients while he faces a breach of contract lawsuit after leaving to start his own firm, a North Carolina state court judge said, finding Vanguard hadn't shown a likelihood of success on claims the one-time adviser broke any employment agreements. Chief Business Court Judge Louis A. Bledsoe III rejected The Vanguard Group Inc. 's motion for a temporary restraining order on Monday, casting doubt on the company's contracts with former senior financial adviser Matthew Snipes, who oversaw $4. 75 billion in assets at Vanguard before his abrupt departure. According to the amended order,. . .

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Read Full Story: https://www.law360.com/employment/articles/1500091/vanguard-loses-bid-to-keep...