Investors Remember the Class Action Deadline Against EngageSmart, Inc. by Former Louisiana Attorney General

Shareholder Alert for EngageSmart Investors

A reminder to investors: Kahn Swick & Foti, LLC (KSF), along with former Louisiana Attorney General Charles C. Foti, Jr., wants to alert you to the approaching deadline for filing lead plaintiff applications in the securities class action lawsuit against EngageSmart, Inc. (NYSE: ESMT).

Investors involved must act swiftly, as the deadline to submit applications is December 9, 2024. This affects those who either purchased EngageSmart stock from October 23, 2023, to January 26, 2024, or held shares as of the crucial record date on December 21, 2023, just before the company's private acquisition by Vista Equity Partners Management, LLC and affiliates.

Background of the Case

The class action lawsuit is currently pending in the United States District Court for the District of Delaware. Allegations in the suit claim that EngageSmart engaged in a series of material misstatements and omitted facts that obscured a conflicted sales process. Specifically, this process preceded the company's January 2024 merger, which seemed more favorable to the controlling shareholder, General Atlantic, rather than to the unaffiliated stockholders.

The complaint suggests that the motivations for the merger were rooted in General Atlantic's desire to reap the rewards of a five-year investment in EngageSmart while still holding onto a controlling stake. This scenario potentially violates the “equal treatment” clause stipulated in the company's charter, which aims to safeguard the interests of all shareholders.

Currently, the lawsuit referenced is Altshares Event-Driven ETF v. EngageSmart, Inc., et al., No. 24-cv-1083. Investors may find that they have serious rights and interests at stake as these proceedings unfold.

How to Get Involved

If you believe your legal rights may be impacted by this class action or want to understand potential recoveries for damages incurred, you can contact KSF Managing Partner Lewis Kahn at no cost. You can reach Lewis at 1-877-515-1850 or via email at email protected] Additionally, more information is available on the KSF website: [ksfcounsel.com.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC is recognized as a leading firm specializing in securities litigation, brought to life by key figures like former Attorney General Charles C. Foti, Jr. The firm focuses on aiding a diverse clientele, ranging from public institutional investors to private retail investors, ensuring they seek recovery for losses attributed to corporate fraud. KSF maintains offices across multiple states, including New York, Delaware, California, Louisiana, and New Jersey.

In conclusion, if you fall within the criteria set out by the lawsuit, it is critical that you address your actions before the deadline. Taking the initiative now could influence your potential recovery significantly.