Newsfile Corp
24 Aug 2026, 03:51 UTC · 2h ago
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A securities class action lawsuit has been filed against Smartsheet Inc. alleging the company repurchased stock at market prices while withholding knowledge of higher acquisition offers. — Litigation regarding disclosure failures and potential fiduciary breaches creates legal liability and reputational risk for the company.
-0.40The lawsuit claims Smartsheet received non-public acquisition offers between $56.25 and $56.50 per share while repurchasing stock at an average market price of $46.45 during the class period. — The significant price gap between the secret offer and the repurchase price strengthens the claim of investor detriment.
-0.20The lead plaintiff deadline for the Smartsheet class action is October 5, 2026. — Procedural deadlines for legal filings have minimal immediate impact on asset pricing but mark milestones in the litigation process.
-0.05Which stocks this story touches
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The company is mentioned as the subject of a securities class action lawsuit.
The company is mentioned as the subject of a securities class action lawsuit.
The company is facing a securities class action lawsuit alleging it withheld information about acquisition offers while repurchasing stock.
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