I wouldn't say Envion is dead but they do seem to be in a mess indeed. On the other hand, given how they assured everybody, through a lot of paperwork, that the investment was safe, and the fact that they did raise quite a bit of money, they can probably bounce back I'd say.
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I didn't follow this story in too much detail but the mess around Envion's CEO vs Founders, sourt action and stealing allegations resemble Tezos too much to hope that there will be any quick resolution. I wish ENV investors all the best. However, it is wrong to say that the project is actually alive — when it lives, it functions, develops something and builds the product. All we can see here is some fight over the cahs pile. Sad...