NEW YORK, June 18, 2018 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed in the United States District Court for the District of Delaware against Financial Engines, Inc. (“Financial Engines” or the “Company”) (Nasdaq:FNGN) on behalf of a class consisting of all public stockholders of Financial Engine in connection with alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) pertaining to the proposed acquisition of the Company by affiliates of Hellman & Friedman, Edelman Financial, L.P. (“Parent”) and Flashdance Merger Sub, Inc. (“Merger Sub”).
On April 29, 2018, Financial Engines’ Board of Directors caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, if the Proposed Transaction is approved by Financial Engines’ shareholders and completed, Financial Engines’ shareholders will receive $45.00 in cash for each share of Financial Engines common stock they own.
On June 5, 2018, the Company filed a proxy statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. According to the Complaint, the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.
If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com or gegleston@gme-law.com.
Please visit our website at http://www.gme-law.com for more information about the firm.