Envestnet, Inc. Faces FinancialApps's $100 Million Trade Secret Misappropriation Claims in Delaware Jury Trial

Group 1 - FinancialApps has filed a $100 million lawsuit against Envestnet for trade secret misappropriation, tortious interference, and unfair competition, which is now proceeding to a jury trial in Delaware Federal Court [1] - Envestnet's defamation counterclaim against FinancialApps was dismissed, and the motion for summary judgment on FinancialApps's claims was denied by Judge Jennifer L. Hall [2] - The legal team representing FinancialApps is led by Marc E. Kasowitz from Kasowitz Benson Torres LLP, who expressed satisfaction with the court's decisions and readiness for trial [3] Group 2 - Envestnet is currently involved in a $4.5 billion acquisition deal with Bain Capital, which has been approved by shareholders [1]