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News  ›  GlobeNewswire Inc.

Bronstein, Gewirtz & Grossman LLC Urges Smartsheet Inc. Investors to Act: Class Action Filed Alleging Investor Harm

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bronstein, Gewirtz & Grossman Llc
Bronstein, Gewirtz & Grossman LLC Urges Smartsheet Inc. Investors to Act: Class Action Filed Alleging Investor Harm

A class action lawsuit has been filed against Smartsheet Inc. and its acquirers (Blackstone, Vista Equity Partners, and Abu Dhabi Investment Authority) alleging that defendants made false and misleading statements in proxy materials regarding Smartsheet's financial performance during the January 2025 merger process. The complaint claims defendants deliberately mischaracterized quarterly earnings and created misleading financial metrics to solicit stockholder approval.

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Named as a defendant in the class action lawsuit for alleged involvement in securities fraud related to the Smartsheet acquisition and misrepresentation of the company's financial condition.