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Morgan Stanley, Envestnet Board Sued In Del. Over $4.5B Sale

By Jeff Montgomery ( October 23, 2025, 4:37 PM EDT) -- Two stockholders of wealth and data management giant Envestnet Inc. sued the company's former CEO, board and financial adviser Morgan Stanley in Delaware Chancery Court on Thursday, alleging breaches or aiding breaches of fiduciary duty tied to the company's $4.5 billion take-private deal with affiliates of Bain Capital....

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