Entwistle & Cappucci LLP Appointed Co-Lead Counsel in Securities Class Action Against EngageSmart, Inc.

February 13, 2025

On February 12, 2025, the United States District Court for the District of Delaware appointed Entwistle & Cappucci LLP as Co-Lead Counsel in the securities fraud class action against EngageSmart, Inc. (“EngageSmart”) and related defendants (collectively, “Defendants”).

The action alleges that Defendants made materially false and misleading statements and omissions of material facts concerning the take-private acquisition of EngageSmart by Vista Equity Partners Management, LLC and its affiliates.  In this regard, the action alleges that Defendants failed to disclose conflicts of interest that rendered the sales process inadequate, resulting in the inability of EngageSmart investors to evaluate the acquisition.

The parties have entered into a scheduling stipulation concerning an amended complaint and an anticipated motion to dismiss, which is expected to be fully briefed by August 2025.