Morgan & Morgan Announces the Investigation of the Fairness of the Sale of Yodlee, Inc. - YDLE

Aug 12, 2015, 11:40 ET from Morgan & Morgan

NEW YORK, Aug. 12, 2015 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential claims against the board of directors of Yodlee, Inc. ("Yodlee" or the "Company") (NasdaqGS: YDLE) concerning possible breaches of fiduciary duty and other violations of law related to the sale of the Company to Envestnet, Inc. ("Envestnet") in a transaction valued at approximately $590 million.

If you own shares of  Yodlee and would like to learn more about the Yodlee shareholder investigation, you may contact Morgan & Morgan at 1(800) 732-5200 or email info@morgansecuritieslaw.com.

Under the terms of the transaction, Yodlee shareholders will receive $10.78 in cash and $8.10 in Envestnet stock for each share of Yodlee stock they own.  The investigation relates to whether the sale is fair to the public shareholders and if the Company's Board of Directors breached their fiduciary duties to shareholders.

About Morgan & Morgan

Morgan & Morgan is one of the nation's largest 200 law firms.  In addition to shareholder rights, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people."

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Contact: Morgan & Morgan Peter Safirstein, Esq. 28 West 44th Street Suite 2001 New York, NY  10036 1-800-732-5200 info@morgansecuritieslaw.com

 

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