Insight Venture Partners Wins Again in SimpleNexus Deal Dispute

Insight Venture Partners LLC has prevailed at Delaware’s highest court over an investor challenge to a $1.2 billion deal between two fintech firms it controlled.

The Delaware Supreme Court affirmed a Chancery Court opinion that found Insight wasn’t liable for investor losses following cloud-based banking software firm nCino Inc.'s 2021 purchase of SimpleNexus. The high court didn’t elaborate on its decision in the two-page order issued Thursday.

• The pension fund that brought the litigation had argued that Vice Chancellor Morgan T. Zurn erred in overlooking the close relationships between Insight and nCino’s board.
• The Delaware Supreme Court’s full five-member panel ...