{"success":true,"data":{"pressRelease":{"id":"136533","rtpr_id":"nPn5KFlzda-20260905","ticker":"SMAR","exchange":"NYSE","all_tickers":["SMAR"],"title":"SMAR Investors Have Opportunity to Lead Smartsheet Inc. Securities Fraud Lawsuit","author":"PR Newswire","published_at":"2026-09-05T15:14:00.358Z","article_body":"SMAR Investors Have Opportunity to Lead Smartsheet Inc. Securities Fraud Lawsuit\n\nPR Newswire\n\nNEW YORK, Sept. 5, 2026\n\nNEW YORK, Sept. 5, 2026 /PRNewswire/ -- Why: Rosen Law Firm, a global investor\nrights law firm, reminds sellers of common stock of Smartsheet Inc. (NYSE:\nSMAR) between June 1, 2024 and September 23, 2024, both dates inclusive (the\n\"Class Period\"), of the important October 5, 2026 lead plaintiff deadline.\n\nSo what: If you purchased Smartsheet common stock during the Class Period you\nmay be entitled to compensation without payment of any out of pocket fees or\ncosts through a contingency fee arrangement.\n\nWhat to do next: To join the Smartsheet class action, go to\nhttps://rosenlegal.com/cases/smartsheet-inc-2026/join\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=3120145194&u=https%3A%2F%2Frosenlegal.com%2Fcases%2Fsmartsheet-inc-2026%2Fjoin&a=https%3A%2F%2Frosenlegal.com%2Fcases%2Fsmartsheet-inc-2026%2Fjoin)\n or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\ncase@rosenlegal.com (mailto:case@rosenlegal.com)  for information on the\nclass action. A class action lawsuit has already been filed. If you wish to\nserve as lead plaintiff, you must move the Court no later than October 5,\n2026. A lead plaintiff is a representative party acting on behalf of other\nclass members in directing the litigation.\n\nWhy Rosen Law: We encourage investors to select qualified counsel with a track\nrecord of success in leadership roles. Often, firms issuing notices do not\nhave comparable experience, resources, or any meaningful peer\nrecognition. Many of these firms do not actually handle securities class\nactions, but are merely middlemen that refer clients or partner with law firms\nthat actually litigate the cases. Be wise in selecting counsel. The Rosen Law\nFirm represents investors throughout the globe, concentrating its practice in\nsecurities class actions and shareholder derivative litigation. Rosen Law Firm\nhas achieved the largest ever securities class action settlement against a\nChinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class\nAction Services for number of securities class action settlements in 2017. The\nfirm has been ranked in the top 4 each year since 2013 and has recovered\nbillions of dollars for investors. In 2019 alone the firm secured over $438\nmillion for investors. In 2020, founding partner Laurence Rosen was named by\nlaw360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been\nrecognized by Lawdragon and Super Lawyers.\n\nDetails of the case: According to the lawsuit, on January 24, 2024, Smartsheet\nreceived an unsolicited non-public offer from a consortium of investors (the\n\"Consortium\") to purchase its outstanding shares for $56.25 per share. In\nApril 2024, Smartsheet's Board of Directors approved a share repurchase\nprogram under which Smartsheet could repurchase up to $150 million of its\noutstanding stock. On July 8, 2024, the Consortium raised its offer to $56.50\nper share, and reiterated that offer on August 21, 2024. According to the\nlawsuit, while these offers were on the table and unknown to the investing\npublic, Smartsheet was repurchasing its common stock at market prices\nsignificantly below the prices offered by the Consortium. Smartsheet had an\nobligation to disclose that it had received a formal acquisition offer from\nthe Consortium or abstain from purchasing Smartsheet stock from unsuspecting\ninvestors.\n\nDuring the Class Period, Smartsheet's average stock price was $46.45 per\nshare. On Tuesday, September 24, 2024, during pre-market hours, Smartsheet\ndisclosed the transaction with the Consortium. The merger eventually closed on\nJanuary 22, 2025, with the Consortium acquiring Smartsheet for $56.50 per\nshare.\n\nTo join the Smartsheet class action, go to\nhttps://rosenlegal.com/cases/smartsheet-inc-2026/join\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=3120145194&u=https%3A%2F%2Frosenlegal.com%2Fcases%2Fsmartsheet-inc-2026%2Fjoin&a=https%3A%2F%2Frosenlegal.com%2Fcases%2Fsmartsheet-inc-2026%2Fjoin)\n call Phillip Kim, Esq. toll-free at 866-767-3653 or email\ncase@rosenlegal.com (mailto:case@rosenlegal.com)  for information on the\nclass action.\n\nNo Class Has Been Certified. Until a class is certified, you are not\nrepresented by counsel unless you retain one. You may select counsel of your\nchoice. You may also remain an absent class member and do nothing at this\npoint. An investor's ability to share in any potential future recovery is not\ndependent upon serving as lead plaintiff.\n\nFollow us for updates on LinkedIn:\nhttps://www.linkedin.com/company/the-rosen-law-firm\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=1390985436&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm&a=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm)\n, on Twitter: https://twitter.com/rosen_firm\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=1754040968&u=https%3A%2F%2Ftwitter.com%2Frosen_firm&a=https%3A%2F%2Ftwitter.com%2Frosen_firm)\n or on Facebook: https://www.facebook.com/rosenlawfirm/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=2561770405&u=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm%2F&a=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm%2F)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome.\n\nContact Information:\n\n     Laurence Rosen, Esq.\n     Phillip Kim, Esq.\n     The Rosen Law Firm, P.A.\n     275 Madison Avenue, 40th Floor\n     New York, NY 10016\n     Tel: (212) 686-1060\n     Toll Free: (866) 767-3653\n     Fax: (212) 202-3827\n     case@rosenlegal.com (mailto:case@rosenlegal.com)\n     www.rosenlegal.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=90762564&u=http%3A%2F%2Fwww.rosenlegal.com%2F&a=www.rosenlegal.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/smar-investors-have-opportunity-to-lead-smartsheet-inc-securities-fraud-lawsuit-302870367.html\n(https://www.prnewswire.com/news-releases/smar-investors-have-opportunity-to-lead-smartsheet-inc-securities-fraud-lawsuit-302870367.html)\n\nSOURCE THE ROSEN LAW FIRM, P. A.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1118010/Rosen-Law-Firm-Logo.jpg?id=OA2931630\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn5KFlzda-20260905","title":"SMAR Investors Have Opportunity to Lead Smartsheet Inc. Securities Fraud Lawsuit","author":"PR Newswire","ticker":"SMAR","created":"2026-09-05T15:14:00.358Z","tickers":["SMAR"],"exchange":"NYSE","article_body":"SMAR Investors Have Opportunity to Lead Smartsheet Inc. Securities Fraud Lawsuit\n\nPR Newswire\n\nNEW YORK, Sept. 5, 2026\n\nNEW YORK, Sept. 5, 2026 /PRNewswire/ -- Why: Rosen Law Firm, a global investor\nrights law firm, reminds sellers of common stock of Smartsheet Inc. (NYSE:\nSMAR) between June 1, 2024 and September 23, 2024, both dates inclusive (the\n\"Class Period\"), of the important October 5, 2026 lead plaintiff deadline.\n\nSo what: If you purchased Smartsheet common stock during the Class Period you\nmay be entitled to compensation without payment of any out of pocket fees or\ncosts through a contingency fee arrangement.\n\nWhat to do next: To join the Smartsheet class action, go to\nhttps://rosenlegal.com/cases/smartsheet-inc-2026/join\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=3120145194&u=https%3A%2F%2Frosenlegal.com%2Fcases%2Fsmartsheet-inc-2026%2Fjoin&a=https%3A%2F%2Frosenlegal.com%2Fcases%2Fsmartsheet-inc-2026%2Fjoin)\n or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\ncase@rosenlegal.com (mailto:case@rosenlegal.com)  for information on the\nclass action. A class action lawsuit has already been filed. If you wish to\nserve as lead plaintiff, you must move the Court no later than October 5,\n2026. A lead plaintiff is a representative party acting on behalf of other\nclass members in directing the litigation.\n\nWhy Rosen Law: We encourage investors to select qualified counsel with a track\nrecord of success in leadership roles. Often, firms issuing notices do not\nhave comparable experience, resources, or any meaningful peer\nrecognition. Many of these firms do not actually handle securities class\nactions, but are merely middlemen that refer clients or partner with law firms\nthat actually litigate the cases. Be wise in selecting counsel. The Rosen Law\nFirm represents investors throughout the globe, concentrating its practice in\nsecurities class actions and shareholder derivative litigation. Rosen Law Firm\nhas achieved the largest ever securities class action settlement against a\nChinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class\nAction Services for number of securities class action settlements in 2017. The\nfirm has been ranked in the top 4 each year since 2013 and has recovered\nbillions of dollars for investors. In 2019 alone the firm secured over $438\nmillion for investors. In 2020, founding partner Laurence Rosen was named by\nlaw360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been\nrecognized by Lawdragon and Super Lawyers.\n\nDetails of the case: According to the lawsuit, on January 24, 2024, Smartsheet\nreceived an unsolicited non-public offer from a consortium of investors (the\n\"Consortium\") to purchase its outstanding shares for $56.25 per share. In\nApril 2024, Smartsheet's Board of Directors approved a share repurchase\nprogram under which Smartsheet could repurchase up to $150 million of its\noutstanding stock. On July 8, 2024, the Consortium raised its offer to $56.50\nper share, and reiterated that offer on August 21, 2024. According to the\nlawsuit, while these offers were on the table and unknown to the investing\npublic, Smartsheet was repurchasing its common stock at market prices\nsignificantly below the prices offered by the Consortium. Smartsheet had an\nobligation to disclose that it had received a formal acquisition offer from\nthe Consortium or abstain from purchasing Smartsheet stock from unsuspecting\ninvestors.\n\nDuring the Class Period, Smartsheet's average stock price was $46.45 per\nshare. On Tuesday, September 24, 2024, during pre-market hours, Smartsheet\ndisclosed the transaction with the Consortium. The merger eventually closed on\nJanuary 22, 2025, with the Consortium acquiring Smartsheet for $56.50 per\nshare.\n\nTo join the Smartsheet class action, go to\nhttps://rosenlegal.com/cases/smartsheet-inc-2026/join\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=3120145194&u=https%3A%2F%2Frosenlegal.com%2Fcases%2Fsmartsheet-inc-2026%2Fjoin&a=https%3A%2F%2Frosenlegal.com%2Fcases%2Fsmartsheet-inc-2026%2Fjoin)\n call Phillip Kim, Esq. toll-free at 866-767-3653 or email\ncase@rosenlegal.com (mailto:case@rosenlegal.com)  for information on the\nclass action.\n\nNo Class Has Been Certified. Until a class is certified, you are not\nrepresented by counsel unless you retain one. You may select counsel of your\nchoice. You may also remain an absent class member and do nothing at this\npoint. An investor's ability to share in any potential future recovery is not\ndependent upon serving as lead plaintiff.\n\nFollow us for updates on LinkedIn:\nhttps://www.linkedin.com/company/the-rosen-law-firm\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=1390985436&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm&a=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fthe-rosen-law-firm)\n, on Twitter: https://twitter.com/rosen_firm\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=1754040968&u=https%3A%2F%2Ftwitter.com%2Frosen_firm&a=https%3A%2F%2Ftwitter.com%2Frosen_firm)\n or on Facebook: https://www.facebook.com/rosenlawfirm/\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=2561770405&u=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm%2F&a=https%3A%2F%2Fwww.facebook.com%2Frosenlawfirm%2F)\n.\n\nAttorney Advertising. Prior results do not guarantee a similar outcome.\n\nContact Information:\n\n     Laurence Rosen, Esq.\n     Phillip Kim, Esq.\n     The Rosen Law Firm, P.A.\n     275 Madison Avenue, 40th Floor\n     New York, NY 10016\n     Tel: (212) 686-1060\n     Toll Free: (866) 767-3653\n     Fax: (212) 202-3827\n     case@rosenlegal.com (mailto:case@rosenlegal.com)\n     www.rosenlegal.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4767874-1&h=90762564&u=http%3A%2F%2Fwww.rosenlegal.com%2F&a=www.rosenlegal.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/smar-investors-have-opportunity-to-lead-smartsheet-inc-securities-fraud-lawsuit-302870367.html\n(https://www.prnewswire.com/news-releases/smar-investors-have-opportunity-to-lead-smartsheet-inc-securities-fraud-lawsuit-302870367.html)\n\nSOURCE THE ROSEN LAW FIRM, P. A.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1118010/Rosen-Law-Firm-Logo.jpg?id=OA2931630\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-05T15:14:00.408702757Z","server_sent_at_ms":1788621240408},"received_at":"2026-09-05T15:14:00.474Z","source_url":"https://www.prnewswire.com/news-releases/smar-investors-have-opportunity-to-lead-smartsheet-inc-securities-fraud-lawsuit-302870367.html"},"analysis":{"id":"125410","press_release_id":"136533","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["Underlying allegation: Smartsheet conducted buybacks (up to $150M authorized) while allegedly concealing a pending $56.25-$56.50/share acquisition offer from the market"],"eventType":"legal_litigation","narrative":"Rosen Law Firm, a plaintiff securities firm, is soliciting lead-plaintiff candidates for a securities fraud class action against Smartsheet Inc., reminding sellers of SMAR stock between June 1, 2024 and September 23, 2024 of the October 5, 2026 deadline to move the court.\n\nThe suit alleges Smartsheet repurchased up to $150 million of its own stock at market prices well below undisclosed Consortium takeover offers of $56.25 and later $56.50 per share, while the Class Period average price was $46.45 per share.\n\nThe consortium merger closed January 22, 2025 at $56.50 per share; no class has been certified, and the release itself is law-firm marketing rather than an issuer disclosure.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation with no new issuer disclosure — suppress; underlying buyback-during-takeover-talks allegation is the only substantive detail for legacy SMAR claim tracking."},"keyFigures":{"customDimensions":{"class_period":"June 1, 2024 to September 23, 2024","class_certified":false,"merger_close_date":"January 22, 2025","raised_offer_price":"$56.50 per share","initial_offer_price":"$56.25 per share","buyback_authorization":"$150 million","lead_plaintiff_deadline":"October 5, 2026","average_class_period_price":"$46.45 per share"}},"quotedText":"","namedEntities":{"people":[{"name":"Phillip Kim, Esq.","role":"Rosen Law Firm partner / case contact"},{"name":"Laurence Rosen, Esq.","role":"Founding partner, Rosen Law Firm"}],"products":[],"companies":[{"name":"Smartsheet Inc.","ticker":"SMAR","relationship":"class action defendant (taken private via January 2025 merger)"},{"name":"The Rosen Law Firm, P.A.","relationship":"plaintiff law firm issuing the solicitation"},{"name":"Consortium (unnamed investor group)","relationship":"alleged acquirer whose offers are at issue in the lawsuit"}],"dollarAmounts":[{"amount":"$56.25 per share","context":"initial unsolicited Consortium acquisition offer received January 24, 2024"},{"amount":"$150 million","context":"share repurchase program approved by Smartsheet board in April 2024"},{"amount":"$56.50 per share","context":"raised Consortium offer (July 8, 2024) and final acquisition price at January 22, 2025 merger close"},{"amount":"$46.45 per share","context":"Smartsheet average stock price during the Class Period"},{"amount":"$438 million","context":"Rosen Law Firm 2019 investor recoveries (law-firm marketing boilerplate)"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Rosen Law Firm under its own name. No new issuer disclosure, no certified class (release explicitly states none), and no settlement; it is a routine lead-plaintiff-deadline reminder for an already-filed suit."},"tickerRelevance":{"others":[],"primary":"SMAR"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap (taken private January 2025)","eventGravity":"law-firm-solicitation","classCertified":false,"issuerAuthored":false,"settlementAnnounced":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Rosen Law Firm, a plaintiff securities firm, is soliciting lead-plaintiff candidates for a securities fraud class action against Smartsheet Inc., reminding sellers of SMAR stock between June 1, 2024 and September 23, 2024 of the October 5, 2026 deadline to move the court.\n\nThe suit alleges Smartsheet repurchased up to $150 million of its own stock at market prices well below undisclosed Consortium takeover offers of $56.25 and later $56.50 per share, while the Class Period average price was $46.45 per share.\n\nThe consortium merger closed January 22, 2025 at $56.50 per share; no class has been certified, and the release itself is law-firm marketing rather than an issuer disclosure.","key_figures":{"customDimensions":{"class_period":"June 1, 2024 to September 23, 2024","class_certified":false,"merger_close_date":"January 22, 2025","raised_offer_price":"$56.50 per share","initial_offer_price":"$56.25 per share","buyback_authorization":"$150 million","lead_plaintiff_deadline":"October 5, 2026","average_class_period_price":"$46.45 per share"}},"named_entities":{"people":[{"name":"Phillip Kim, Esq.","role":"Rosen Law Firm partner / case contact"},{"name":"Laurence Rosen, Esq.","role":"Founding partner, Rosen Law Firm"}],"products":[],"companies":[{"name":"Smartsheet Inc.","ticker":"SMAR","relationship":"class action defendant (taken private via January 2025 merger)"},{"name":"The Rosen Law Firm, P.A.","relationship":"plaintiff law firm issuing the solicitation"},{"name":"Consortium (unnamed investor group)","relationship":"alleged acquirer whose offers are at issue in the lawsuit"}],"dollarAmounts":[{"amount":"$56.25 per share","context":"initial unsolicited Consortium acquisition offer received January 24, 2024"},{"amount":"$150 million","context":"share repurchase program approved by Smartsheet board in April 2024"},{"amount":"$56.50 per share","context":"raised Consortium offer (July 8, 2024) and final acquisition price at January 22, 2025 merger close"},{"amount":"$46.45 per share","context":"Smartsheet average stock price during the Class Period"},{"amount":"$438 million","context":"Rosen Law Firm 2019 investor recoveries (law-firm marketing boilerplate)"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-05T15:16:22.480Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"mid-cap (taken private January 2025)","eventGravity":"law-firm-solicitation","classCertified":false,"issuerAuthored":false,"settlementAnnounced":false}},"durationMs":141991,"modelName":"glm-4.7"}}