GlobeNewsWire
05 Sept 2026, 00:28 UTC · 3h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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What the story claims
3 claims · each scored for market impact
Smartsheet Inc. is facing a securities class action lawsuit alleging it repurchased stock at market prices while withholding information about a higher acquisition offer from a consortium of investors. — Legal liabilities and allegations of non-disclosure typically create negative sentiment and potential financial payouts, though the company has already been acquired.
-0.40The lawsuit claims Smartsheet received an offer of $56.25 per share in January 2024 and $56.50 per share by July 2024, while the average stock price during the class period was only $46.45. — This quantification of the alleged discrepancy provides the basis for the damages claim in the litigation.
-0.20A lead plaintiff deadline for the Smartsheet class action has been set for October 5, 2026. — This is a procedural milestone that advances the litigation process but does not fundamentally change the company's value.
-0.10Which stocks this story touches
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8h ago
