Investors Invited to Join Smartsheet Securities Class Action Lawsuit Against Major Investment Firms

Lead Plaintiff Opportunity for Former Smartsheet Stockholders

The Rosen Law Firm, a prominent legal firm focused on protecting investor rights, has announced a significant opportunity for former stockholders of Smartsheet Inc. (NYSE: SMAR). A class action lawsuit has been launched in connection with the company's controversial acquisition deal that took place in January 2025. This lawsuit aims to hold accountable the entities responsible for alleged misinformation during the buyout process.

Important Deadlines and Steps to Follow

Former Smartsheet investors have until February 24, 2026, to join the lawsuit, as this marks the deadline for appointing a lead plaintiff. If you are a past stockholder, you may be eligible for compensation without having to pay upfront costs due to a contingency fee structure offered by the Rosen Law Firm. This means that the firm only collects fees if they win the case, making it a viable option for investors seeking justice.

To participate, you can either visit the law firm’s website here or contact Phillip Kim, Esq. directly at 866-767-3653 via email at [email protected].

The Allegations Against Smartsheet

The core of the allegations revolves around Smartsheet's stockholder approval solicitation of the buyout. According to the complaint, the firm misrepresented financial data in a proxy statement filed with the SEC. This alleged false information mischaracterized Smartsheet's success, creating a misleading narrative about its financial performance. Notably, the court papers claim that the company's leaders, especially Mark P. Mader, failed in their duty to provide accurate disclosures, undermining the investors’ trust.

The lawsuit raises serious concerns about the integrity of the process that facilitated Smartsheet's buyout by a consortium that includes Blackstone Inc. and Vista Equity Partners. The accusation states that the firms involved intentionally downplayed strong financial results while promoting a fabricated financial metric to secure the deal's approval.

Choosing Legal Representation Wisely

Rosen Law Firm emphasizes the importance of selecting a well-established legal firm with a proven track record in securities class actions. Many firms that send notices may lack the necessary experience or resources, functioning instead as intermediaries. Rosen Law Firm has been recognized for achieving significant settlements in similar cases and brings extensive expertise to this litigation.

The Road Ahead for Investors

Investors in the Smartsheet class action are strongly encouraged to act swiftly and consider their options. No class has yet been certified, meaning individual attorneys can represent their interests independently if they so choose.

For further updates, individuals are invited to follow Rosen Law Firm on their social media channels, including LinkedIn, Twitter, and Facebook.

In conclusion, if you were a stockholder in Smartsheet around the time of the controversial buyout, take the necessary steps to safeguard your rights as a potential victim of corporate misconduct. Join the class action to seek justice and possibly recover compensation for your losses.