Harwood Feffer LLP Announces Investigation of Yodlee, Inc.

Aug 12, 2015, 14:34 ET from Harwood Feffer LLP

NEW YORK, Aug. 12, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Yodlee, Inc. ("Yodlee" or the "Company") (NASDAQ: YDLE) concerning the proposed acquisition of the Company by Envestnet, Inc. ("Envestnet") (NYSE: ENV).

Under the terms of the offer, Envestnet would acquire Yodlee in a transaction valued at approximately $660 million.  Pursuant to the deal, Yodlee stockholders would receive $10.78 in cash and $8.10 in Envestnet stock per Yodlee share, total consideration of approximately $18.18 per share owned.  At least one analyst has set a target price for Yodlee stock of above the offer price at $19.00 per share.

Our investigation concerns whether the Yodlee board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Yodlee shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: bsachsmichaels@hfesq.com  Website: http://www.hfesq.com  Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

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