The code seems to have changed in the template at some point.
In 4.2.1 look for the code:
Code:
<vb:if condition="$forumbits">
{vb:raw template_hook.forumdisplay_above_subforums}
<div id="forumbits" class="forumbits">
<div class="forumhead">
<h2>
<span class="forumtitle">{vb:rawphrase subforums}</span>
<span class="forumthreadpost">{vb:rawphrase threads_posts} </span>
<span class="forumlastpost">{vb:rawphrase last_post}</span>
</h2>
</div>
<ol>
{vb:raw forumbits}
</ol>
</div>
{vb:raw template_hook.forumdisplay_below_subforums}
</vb:if>
CUT the code above (copy to clipboard then delete from the template)
The FIND this code:
Code:
<div class="threadpagenav<vb:if condition="!$pagenav AND !$forumjump"> nopagenav</vb:if>">
{vb:raw pagenav}
{vb:raw forumjump}
</div>
</div>
and
PASTE the code below that.
That should so the same thing in 4.2.1.
If any problems simple undo or "REVERT" the template to get back the VB default template.