GlobeNewsWire
14 Aug 2026, 01:45 UTC · 2h ago
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A securities class action lawsuit has been filed against Smartsheet Inc. alleging the company repurchased shares at market prices while concealing non-public acquisition offers of $56.25 to $56.50 per share. — Legal liabilities and allegations of securities fraud create reputational risk and potential financial settlements, though the company has already been acquired.
-0.40Smartsheet was acquired by a consortium of investors at a final price of $56.50 per share, with the merger closing on January 22, 2025. — This is a historical fact regarding a closed transaction and does not drive current price action for a now-private entity.
+0.00Which stocks this story touches
The company is the subject of a securities class action lawsuit alleging failure to disclose acquisition offers while repurchasing stock.
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The company is mentioned in the context of a reminder for a securities class action lawsuit.
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Newsfile Corp
2h ago
