MILWAUKEE, July 11, 2024 /PRNewswire/ -- Ademi LLP is investigating Envestnet (NYSE: ENV) for possible breaches of fiduciary duty and other violations of law in its transaction with Bain Capital.

Click here to learn how to join our investigation https://www.ademilaw.com/case/envestnet-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Envestnet stockholders will receive $63.15 in cash for each share of common stock they own in a transaction valuing Envestnet at $4.5 billion. The transaction agreement unreasonably limits competing transactions for Envestnet by imposing a significant penalty if Envestnet accepts a competing bid. Envestnet insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Envestnet's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own Envestnet common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/envestnet-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                   

Guri Ademi

Toll Free: (866) 264-3995

Fax: (414) 482-8001

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SOURCE Ademi LLP