Ex-S&C Atty’s FCA Suit Claims Vanguard Ducked $1B Tax Bill

Law360, Los Angeles (July 25, 2014, 11:02 PM EDT) -- A former Vanguard Group Inc. in-house attorney and ex-Sullivan & Cromwell LLP associate has hit the investment manager with a False Claims Act suit in New York state court alleging it illegally evaded more than $1 billion in federal and state taxes over the past decade, the plaintiff's attorney said Friday.

Former Vanguard associate counsel David Danon's complaint against Vanguard was filed last year and unsealed Friday, according to Danon's attorney, Brian Mahany of Mahany & Ertl LLC.

The suit alleged that Vanguard failed to pay taxes and file tax returns for several years in New York, even though it derives...

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