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Lawsuit filed against Smartsheet for not disclosing buyout offer during stock repurchase program.

Market News
05 Aug 2026
Wolf Popper Llp
View Source
Bearish
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Wolf Popper LLP has filed a securities class action lawsuit against Smartsheet Inc. on behalf of shareholders who sold stock between June and September 2024. The lawsuit alleges Smartsheet failed to disclose a formal acquisition offer from a consortium while repurchasing its shares at prices below the offer, which allegedly deflated the stock price. The consortium's offer was $56.50 per share, while the stock traded around $46.45 during the class period. The merger closed in January 2025 at the higher offer price. Investors who sold shares during this period can seek lead plaintiff status in the case.

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