#United States #New York #Class Action #Pomerantz LLP #Smartsheet Inc.

Class Action Lawsuit Against Smartsheet Inc.

New York, February 19, 2026 — Significant news has emerged for investors in Smartsheet Inc. (NYSE: SMAR) as a class action lawsuit has been filed by Pomerantz LLP, a law firm recognized for its extensive work in corporate and securities litigation. This lawsuit could have major implications for those who have invested in Smartsheet, especially those who may have experienced losses due to recent developments.

The crux of the lawsuit centers around allegations that Smartsheet and certain executives may have engaged in securities fraud or other unlawful business practices. Investors who believe they have been affected by these actions are encouraged to reach out to Pomerantz LLP to discuss their options. Danielle Peyton, an attorney at the firm, is available for inquiries and has provided a direct contact pathway for those seeking further information.

The class action has particular relevance surrounding the company’s recent merger in January 2025 when Smartsheet was sold to a consortium of investment firms, including names like Blackstone and Vista Equity Partners. The complaint alleges that, in seeking approval for the merger, Smartsheet issued a misleading proxy statement to shareholders. This proxy, according to the lawsuit, misrepresented the company's financial health deliberately undermining its success to solicit support for the buyout.

Crucial details within the allegations suggest that the company’s quarterly earnings were portrayed negatively and that a financial metric introduced at that time was seemingly created only to encourage approval for the merger. As a result, shareholders approved the merger under potentially misleading pretenses. The merger bought shares at $56.50 each — a figure positioned as favorable, yet which fell into the middle of a valuation analysis that many believed was understated.

The lawsuit's timeline is critical. Interested parties have until February 24, 2026, to step forward and request to be designated as Lead Plaintiff in the class action. Interested investors need to furnish specific information, including the number of shares they purchased, to facilitate their involvement in the proceedings. A copy of the formal complaint can be accessed through Pomerantz's official website, providing investors with context and details surrounding these serious allegations.

Founded by the renowned Abraham L. Pomerantz, the firm has a legacy spanning over 85 years, advocating fiercely for victims of securities fraud and corporate misdeeds. Pomerantz’s reputation in securities class actions gives credibility to the unfolding situation at Smartsheet, potentially leading to significant repercussions for the company and its stakeholders.

In light of these developments, affected investors must remain vigilant and proactive. Engaging with legal professionals who understand the complexities of securities litigation can be crucial. As the lawsuit progresses, updates will be critical for understanding how this may impact Smartsheet’s future operations and its investors' interests.

As this story develops, those invested in Smartsheet Inc. should follow up on developments closely, and consider the implications of the ongoing legal proceedings that may ultimately shape the firm and their investments significantly.