A $100 million lawsuit brought by the fintech platform provider FinancialApps against the wealth management company Envestnet for trade secret misappropriation, tortious interference and unfair competition is headed to a jury trial in Delaware Federal Court.
Envestnet's acquisition by Bain Capital in a $4.5 billion deal was approved by shareholders earlier this week.
FinancialApps' case stretches back to 2019, when it sued Envestnet and Yodlee, accusing them of misappropriating FinancialApps' proprietary software platform.
Envestnet began exploring a sale of Yodlee in December 2023.