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News  ›  GlobeNewswire Inc.

Bronstein, Gewirtz & Grossman LLC Urges Smartsheet Inc. Investors to Act: Class Action Filed Alleging Investor Harm

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bronstein, Gewirtz & Grossman Llc
Bronstein, Gewirtz & Grossman LLC Urges Smartsheet Inc. Investors to Act: Class Action Filed Alleging Investor Harm

A class action lawsuit has been filed on behalf of Smartsheet Inc. shareholders alleging that defendants made false and misleading statements in proxy materials related to the January 2025 merger with a consortium led by Blackstone and Vista Equity Partners. The complaint claims defendants mischaracterized the company's financial performance and used misleading metrics to solicit stockholder approval. Investors have until February 9, 2026, to request lead plaintiff status.

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Blackstone is mentioned as a lead member of the acquisition consortium but is not directly named as a defendant in the lawsuit. The article does not provide sufficient information to assess direct impact on Blackstone.