Kasowitz Benson Torres Is Acting As Lead
Counsel For FinancialApps
NEW
YORK, Sept. 27, 2024 /PRNewswire/
-- Financial technology pioneer FinancialApps's $100 million lawsuit for trade secret
misappropriation, tortious interference, and unfair competition
against wealth management company Envestnet ($ENV) – whose
acquisition by Bain Capital in a $4.5
billion deal was approved by shareholders earlier this week
– is now headed to a jury trial in Delaware Federal Court.
On September 26, 2024, Judge
Jennifer L. Hall of the United States District Court for the
District of Delaware issued two
opinions adopting, over Envestnet's objections, reports and
recommendations by Magistrate Judge Christopher J. Burke dismissing Envestnet's
defamation counterclaim against FinancialApps and denying
Envestnet's motion for summary judgment on FinancialApps's
claims.
Lead trial counsel for FinancialApps, Marc E. Kasowitz of Kasowitz Benson Torres LLP,
stated: "We are pleased with the Court's well-reasoned
opinions, and look forward to vindicating FinancialApps's rights at
trial."
The Kasowitz Benson Torres LLP team representing FinancialApps
is led by partners Marc E. Kasowitz,
Matthew A. Kraus, A. Macdonald Caputo, Jr., and Joshua E. Hollander.
About Kasowitz Benson Torres LLP
Kasowitz Benson
Torres LLP is a leading national law firm with a core focus on
commercial litigation, complemented by exceptionally strong
bankruptcy/restructuring, employment, and real estate transactional
practices. Kasowitz is known for its creative, aggressive
litigators and willingness to take on tough cases. The firm
has extensive trial experience and is always trial-ready,
representing both plaintiffs and defendants in every area of
litigation. Kasowitz is committed to pursuing aggressive and
innovative approaches to its clients' most challenging legal
matters. Headquartered in New York
City, the firm also has offices in Atlanta, Denver, Houston, Los
Angeles, Miami,
Newark, San Francisco, Silicon Valley and Washington, DC. For more information,
please visit www.kasowitz.com.
Contact:
Shannon
O'Reilly
SOReilly@kasowitz.com
(212) 547-1290
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SOURCE Kasowitz Benson Torres LLP