Investors Encouraged to Join Smartsheet Securities Class Action Lawsuit for Potential Compensation

Investors Encouraged to Join Smartsheet Securities Class Action

In January 2026, Rosen Law Firm, a globally recognized investor rights law firm, called upon former shareholders of Smartsheet Inc. (NYSE: SMAR) to consider joining a significant class action lawsuit. This lawsuit stems from the controversial buyout of Smartsheet by a consortium of investment groups, including affiliates of Blackstone Inc. and Vista Equity Partners Management, LLC, which took place in early 2025. The legal proceedings highlight alleged discrepancies in Smartsheet's financial disclosures during the merger, which might have severely impacted the stockholders' decisions.

Why Join the Class Action?

Former Smartsheet investors could potentially receive compensation without incurring any out-of-pocket expenses if they participate in the class action. Rosen Law Firm emphasizes the importance of acting swiftly, as the deadline to serve as a lead plaintiff is February 24, 2026. As a lead plaintiff, an investor would represent the collective interests of the class members. Those interested can join by visiting the Rosen Law Firm's dedicated website or contacting the firm directly.

Allegations Against Smartsheet

The complaint asserts that Smartsheet engaged in misleading practices by filing a false and misleading Schedule 14A Proxy statement with the SEC. This document played a crucial role in seeking stockholder approval for the buyout. Allegations stated that Smartsheet misrepresented its financial success and performance to solicit favorable votes during the buyout process. Notably, they reportedly exaggerated negative aspects of their quarterly earnings and introduced a financial metric that may not have held validity in the broader context of their performance, suggesting potential mismanagement or malintent. Furthermore, the complaint accuses the CEO, Mark P. Mader, of failing to fulfill their disclosure duties with reasonable diligence.

The Role of Rosen Law Firm

Rosen Law Firm is recognized for its success in handling securities class actions and derivative litigation, having achieved notable settlements over the years. Investors are encouraged to engage legal representation that has a significant track record, particularly in leadership cases like this one. Unlike many firms that merely serve as intermediaries, Rosen Law operates with a strong emphasis on litigation, ensuring that investors are properly represented.

Joining the Class Action

To become involved in the Smartsheet class action lawsuit or to learn more about the process, investors should visit rosenlegal.com to submit a form or contact by phone or email. It's important to note that no class has yet been certified, meaning participation decisions can vary based on investor preferences.

Continued Advocacy and Communication

Rosen Law Firm will continue to provide updates through their social media platforms on LinkedIn, Twitter, and Facebook, emphasizing transparency and advocacy for investors’ rights. This case serves as a reminder of the critical nature of accurate financial disclosures and their profound impact on investor decisions in the complicated world of securities transactions.

Investors are strongly advised to consider their rights and options regarding this important legal matter.