Smartsheet class action sets Oct. 5, 2026 lead plaintiff deadline

Investors who sold Smartsheet Inc. securities from June 1, 2024 through September 23, 2024 have until October 5, 2026 to seek appointment as lead plaintiff in a securities class action, according to Kirby McInerney LLP. The complaint alleges Smartsheet repurchased 1,128,000 shares from June through August 2024 at an average price of $44.34 while Blackstone, Inc. and Vista Equity Partners Management, LLC had made acquisition proposals, beginning with a $56.25-per-share approach in January 2024, before Smartsheet announced a merger agreement at $56.50 per share on September 24, 2024.

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