Johnson Fistel, LLP Investigates Envestnet Deal Terms and for Potential Violations of Fiduciary Duties on Behalf of Shareholders
ENVEnvestnet(ENV) GlobeNewswire News Room·2024-08-29 01:25

SAN DIEGO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP, a leading stockholder rights law firm, announced today that it has initiated an investigation into the board members of Envestnet, Inc. (NYSE: ENV) concerning potential breaches of fiduciary duties related to the proposed sale of the Company to private equity firm Bain Capital. On July 11, 2024, Envestnet informed the public that it has agreed to a deal with Bain Capital, in which stockholders will receive $63.15 per share in an all-cash offe ...