Tagged: financialapps

Envestnet Headed to Trial in Legal Battle with FinancialApps. Destruction of Evidence Claimed

Evestnet, a Fintech owned by Bain Capital, is headed to trial as part of an ongoing legal battle with FinancialApps. Evestnet was acquired by Bain in 2024 in a deal worth around $4.5 billion. This past August, it was reported that formal sanctions against Envestnet… Read More

Sanctions Recommended Against Envestnet, Yodlee in Legal Battle with FinancialApps

A Special Master appointed by the Delaware District Court has recommended formal sanctions against both Envestnet and Yodlee, as part of a legal battle with FinancialApps LLC. FinancialApps claims trade secret misappropriation. Bain Capital recently acquired Envestnet, and Yodlee was acquired by STG Partners. According to… Read More

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