SMAR Shareholder Alert: Wolf Popper LLP Files Securities Class Action Lawsuit Against Smartsheet Inc.

Wolf Popper LLP filed a securities class action lawsuit against Smartsheet Inc. on behalf of shareholders who sold stock between June 1 and September 23, 2024. The lawsuit alleges that Smartsheet failed to disclose material information about acquisition offers from Blackstone and Vista Equity Partners ($56.25-$56.50 per share) while simultaneously repurchasing its own stock at significantly lower market prices (~$46.45 average). The merger eventually closed on January 22, 2025, at $56.50 per share.