Archived Investigations
EngageSmart, Inc. (“EngageSmart” or the “Company”) (NYSE: ESMT)
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.
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The case is Altshares Event-Driven ETF v. Engagesmart, Inc., et al., No. 24-cv-1083.