Manhattan Associates, Inc. Class Action Lawsuit - MANH
Case Summary
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The Manhattan Associates class action lawsuit seeks to represent purchasers or acquirers of Manhattan Associates, Inc. (NASDAQ: MANH) securities between October 22, 2024 and January 28, 2025, inclusive (the “Class Period”). Captioned Prime v. Manhattan Associates, Inc., No. 25-cv-00992 (N.D. Ga.), the Manhattan Associates class action lawsuit charges Manhattan Associates and certain of Manhattan Associates’ top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Manhattan Associates class action lawsuit, please provide your information in the form on this page. You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Manhattan Associates class action lawsuit must be filed with the court no later than April 28, 2025.
CASE ALLEGATIONS: Manhattan Associates develops, sells, deploys, services, and maintains software solutions to manage supply chains, inventory, and omni-channel operations.
The Manhattan Associates class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that they possessed reliable information pertaining to Manhattan Associates’ projected revenue outlook and anticipated growth while also minimizing the risk from seasonality and macroeconomic fluctuations; (ii) in truth, Manhattan Associates’ optimistic reports of growth in its professional services and overall confidence, despite the macroeconomic fluctuations and streamlining of professional services, fell short of reality; and (iii) Manhattan Associates’ Service Segment was ill equipped to achieve the purportedly “responsible targets” set by Manhattan Associates.
The Manhattan Associates class action lawsuit further alleges that on January 28, 2025, Manhattan Associates published its financial results for the fourth quarter and full fiscal year 2024 and announced reduced revenue guidance for the full fiscal year 2025, attributing the results and lowered guidance on the “shift in professional services work for future periods . . . and to a lesser extent, reduced customization and higher partner utilization.” On this news, the price of Manhattan Associates stock fell more than 24%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Manhattan Associates securities during the Class Period to seek appointment as lead plaintiff in the Manhattan Associates class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Manhattan Associates class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Manhattan Associates class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Manhattan Associates class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.