NEW YORK, May 1, 2018 /PRNewswire/ -- WeissLaw LLP is
investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Financial Engines,
Inc. ("FNGN" or the "Company") (NASDAQ: FNGN) in connection with
the proposed acquisition of the Company by funds affiliated with
Hellman & Friedman (the "Affiliates"). Under the terms of
the acquisition agreement, the Company's shareholders will receive
$45.00 in cash for each FNGN share
they own.
WeissLaw is investigating whether FNGN's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, in its latest financial statements, FNGN reported an 11%
year-over-year increase in revenue, from the $113.2 million reported in the fourth quarter of
2016 to $125.7 million reported in
the same period of the following year. The Company also
reported an impressive annual growth of 26% in non-GAAP adjusted
EBITDA, and a 31% year-over-year increase in non-GAAP adjusted
earnings per share.
Given these facts, WeissLaw is investigating whether FNGN's
Board acted in the best interests of FNGN's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own FNGN shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/financial-engines-inc/
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SOURCE WeissLaw LLP
