San Diego, CA -- (SBWIRE) -- 11/04/2015 -- A shareholder in NASDAQ:YDLE shares filed a lawsuit in effort to halt the proposed takeover of Yodlee Inc by Envestnet, Inc.

Investors who purchased shares of Yodlee Inc (NASDAQ:YDLE) and currently hold any of those NASDAQ:YDLE shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:YDLE stockholders by agreeing to sell Yodlee Inc. too cheaply via an unfair process to Envestnet, Inc.

On August 10, 2015, Envestnet, Inc. (NYSE:ENV) and Yodlee Inc (NASDAQ:YDLE) announced that the Boards of Directors of both companies have unanimously approved an agreement under which Envestnet will acquire all of the shares of Yodlee in a cash and stock transaction valued at$18.88 per share, or approximately $660 million on a fully-diluted equity value basis.

However, the plaintiff claims that the proposed consideration NASDAQ:YDLE shareholders will receive is grossly inadequate and undervalues Yodlee Inc. Indeed, at least one analyst has set the high target price for NASDAQ:YDLE shares at $19.00 per share. Yodlee Inc reported that its annual Total Revenue rose from $54.43 million in 2011 to $89.08 million in 2014.

In addition, the plaintiff claims that the process is also unfair to NASDAQ:YDLE stockholders. Indeed, in connection with the agreement, certain funds affiliated with Warburg Pincus, which collectively own approximately 26.9 percent of Yodlee's common stock, have already entered into a voting agreement pursuant to which it has committed to support the transaction,.

Shares of Yodlee Inc (NASDAQ:YDLE) closed on November 3, 2015, at $16.85 per share.

Those who are current investors in Yodlee Inc shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com