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Class action lawsuit filed for Smartsheet stock sellers over undisclosed acquisition offer in 2024

Market News
06 Aug 2026
PRNewsWire
View Source
Bearish
pluang ai news

A class action lawsuit has been filed on behalf of Smartsheet Inc. shareholders who sold stock between June 1 and September 23, 2024. The suit alleges Smartsheet failed to disclose a formal acquisition offer from a consortium while repurchasing shares at lower market prices, potentially harming investors. The acquisition was publicly disclosed on September 24, 2024, and completed in January 2025 at $56.50 per share. Investors who sold during this period may be entitled to compensation and can join the lawsuit by October 5, 2026.

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