Security Investigation
EngageSmart, Inc. (“EngageSmart” or the “Company”) (NYSE: ESMT)
48 Days left to seek lead plaintiff status.
Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 9, 2024 to file lead plaintiff applications in a securities class action lawsuit against EngageSmart, Inc. (“EngageSmart” or the “Company”) (NYSE: ESMT), if they (1) purchased or otherwise acquired EngageSmart common stock between October 23, 2023 and January 26, 2024, or (2) held EngageSmart common stock as of the December 21, 2023 record date of the take-private acquisition of the Company (the “Merger”) by Vista Equity Partners Management, LLC and its affiliates.
The Complaint alleges that a pattern of material misstatements and omissions of material facts concealed the conflicted and tainted sales process that led to EngageSmart’s January 2024 take-private Merger with Vista, which was motivated not by what was best for Unaffiliated Stockholders but by controlling shareholder General Atlantic’s desire to monetize part of its five-year investment in EngageSmart while maintaining its control position or, at the very least, to roll over some of its equity to maintain an upside benefit in the Company going forward, in violation of an “equal treatment” provision in the Company charter.
If you would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is Altshares Event-Driven ETF v. Engagesmart, Inc., et al., No. 24-cv-1083.