Smartsheet(US:SMAR) Businesswire·2025-12-11 23:26Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of former stockholders of Smartsheet Inc. regarding the January 2025 sale of the company to a consortium including Blackstone, Vista Equity Partners, and Platinum Falcon [1] Group 1: Allegations and Legal Proceedings - The lawsuit alleges that Smartsheet misled investors about its business operations and financial performance during the solicitation of stockholder approval for the buyout [2][3] - It is claimed that a false and misleading Schedule 14A Proxy statement was issued, which mischaracterized Smartsheet's financial success and emphasized a fabricated financial metric to solicit approval for the buyout [3] - Defendant Mark P. Mader is accused of failing to exercise reasonable care in fulfilling his disclosure duties [3] Group 2: Participation and Representation - Shareholders interested in participating in the class action must file motions to serve as lead plaintiff by February 9, 2026, with the option to remain an absent class member if they choose not to participate [4] - All representation in the lawsuit is on a contingency fee basis, meaning shareholders will not incur fees or expenses [5] Group 3: About Rosen Law Firm - Rosen Law Firm is recognized for its commitment to shareholder rights litigation, having recovered over $1 billion for shareholders since its inception [6]