Smartsheet Inc. Faces Class Action Lawsuit Over Alleged Misstatements in 2025 Merger
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Globenewswire
- Lawsuit Background: Bronstein, Gewirtz & Grossman LLC has filed a class action lawsuit on behalf of former shareholders of Smartsheet Inc., alleging false statements during the 2025 merger process that may have led to investor losses.
- Allegations Details: The complaint claims that defendants misled Smartsheet's financial performance in the SEC proxy statement, emphasizing negative financial metrics that could undermine shareholder rights and the legality of the merger.
- Investor Action: Investors who purchased Smartsheet shares must apply by February 24, 2026, to be appointed as lead plaintiff to participate in potential recoveries, with the law firm only charging fees upon success, thus minimizing investor risk.
- Law Firm's Advantage: Bronstein, Gewirtz & Grossman LLC is recognized for recovering hundreds of millions for investors, emphasizing its expertise in securities fraud class actions, aiming to uphold market integrity and transparency.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
