The Vanguard Group announced that a lawsuit alleging that several mutual fund companies failed to collect or claim settlement money on behalf of investors has been dismissed, according to Reuters.

Two law firms, Baron & Budd PC of Dallas and Cauley Bowman Carney & Williams LLP of Little Rock, Arkansas, filed charges in federal courts across the country in January that the funds violated their fiduciary duty to investors by not collecting more than $2 billion awarded in class-action settlements. The case was dismissed in U.S. District Court in Eastern District of Pennsylvania on Monday, according to the court notice, provided by Vanguard.

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