According to the Complaint, Financial Engines, Inc. is a leading provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance.

On April 29, 2018, Financial Engines, Edelman Financial, L.P. ("Edelman"), and Flashdance Merger Sub, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Edelman (“Merger Sub”), entered into an Agreement and Plan of Merger, pursuant to which Merger Sub will merge with and into Financial Engines, with Financial Engines continuing as the surviving corporation and as an indirect, wholly owned subsidiary of Edelman (the “Proposed Transaction”).

The Complaint alleges that on June 8, 2018, in order to convince Financial Engines’ stockholders to vote in favor of the Proposed Transaction, Defendants authorized the filing of a materially incomplete and misleading Schedule 14A Definitive Proxy Statement with the SEC, in violation of Sections 14(a) and 20(a) of the Exchange Act.

This case was voluntarily dismissed as moot on September 6, 2018.