Rosen Law Firm notifies Smartsheet investors of Oct. 5 lead plaintiff deadline
Rosen Law Firm says sellers of Smartsheet common stock during a June 1 to Sept. 23, 2024 class period may seek compensation, with a lead plaintiff deadline of Oct. 5, 2026.
Rosen Law Firm says some Smartsheet investors who sold shares during a June-to-September 2024 class period may seek compensation in an already filed securities class action.
Rosen Law Firm on Aug. 17, 2026, issued a notice about a Smartsheet Inc. securities class action and said investors who sold Smartsheet common stock during the class period of June 1, 2024, through Sept. 23, 2024, may pursue claims ahead of an Oct. 5, 2026, lead plaintiff deadline.
The notice is aimed at investors who may be eligible to participate in the case. Rosen said investors who purchased Smartsheet common stock during the class period may be entitled to compensation under a contingency fee arrangement, without out-of-pocket fees or costs.
The notice lays out allegations in the lawsuit, which have not been proven. It says Smartsheet received an unsolicited non-public offer on Jan. 24, 2024, from a consortium of investors to buy its outstanding shares for $56.25 per share. It says Smartsheet’s board approved a share repurchase program in April 2024 that allowed up to $150 million in repurchases.
According to the notice, the consortium raised its offer to $56.50 per share on July 8, 2024, and repeated that offer on Aug. 21, 2024. The notice alleges Smartsheet repurchased its common stock at market prices below those offer levels without disclosing the offer and says the company had an obligation either to disclose the acquisition offer or stop buying stock from investors.
Rosen said Smartsheet’s average stock price during the class period was $46.45 per share. The notice says Smartsheet disclosed the transaction in pre-market trading on Sept. 24, 2024, and that the merger closed on Jan. 22, 2025, with the consortium acquiring Smartsheet for $56.50 per share.
The notice also says no class has been certified. It gives investors a Rosen Law Firm webpage, toll-free phone number and email address for joining the case.
The next date identified in the notice is the Oct. 5, 2026, deadline for investors who want to seek appointment as lead plaintiff.
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Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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