SAN DIEGO & CHICAGO--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of Envestnet, Inc. (NYSE: ENV) violated federal securities laws in connection with the company's recent announcement that it would need to delay its Form 10-K report after identifying control deficiencies that represent material weaknesses in its control over financial reporting. Envestnet further disclosed that it would be unable to complete a timely review of its liability for sales taxes. Envestnet, together with its subsidiaries, provides financial and wealth management technology and services to financial advisors, investors, and financial service providers in the United States and internationally.
View this press release on the law firm's Shareholder Rights Blog:
Envestnet Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, DDonahue@robbinsarroyo.com, or via the shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.
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