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KAHN SWICK & FOTI, LLC FILED A CLASS ACTION LAWSUIT ON BEHALF OF SHAREHOLDERS OF SMARTSHEET INC. IN THE WESTERN DISTRICT OF WASHINGTON
Kahn Swick & Foti, LLC has filed a class action lawsuit against Smartsheet Inc. in the Western District of Washington, alleging violations of the Securities Exchange Act of 1934 in connection with Smartsheet’s acquisition by affiliates of Blackstone Inc., Vista Equity Partners Management, LLC, and the Abu Dhabi Investment Authority. The lawsuit claims the $56.50 per share merger consideration was inadequate and the proxy statement provided materially incomplete and misleading information. Former shareholders who held Smartsheet securities as of October 25, 2024, and believe they were harmed, have until February 24, 2026, to seek lead plaintiff status.