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Investor Sues Venture Firm, Co. Board Over 'Unfair' $1.2B Deal

By Elaine Briseño ( September 27, 2022, 7:56 PM EDT) -- A pension fund that owns stock in banking software provider nCino Inc. filed a stockholder derivative suit in Delaware Chancery Court against the company's directors and investment firm Insight Venture Partners, which has partial ownership of nCino, accusing them of using confidential information to craft an "unfair" $1.2 billion acquisition of technology platform SimpleNexus....

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