#United States #New York #Class Action #Pomerantz LLP #Manhattan Associates

Investor Alert: Class Action Lawsuit Against Manhattan Associates

Overview
Pomerantz LLP, a prominent law firm specializing in class action suits, has recently announced a class action lawsuit involving Manhattan Associates, Inc. (NASDAQ: MANH). This legal action arises as a response to allegations of securities fraud and potentially unlawful business practices by the Company, emphasizing the rights of investors who might have incurred losses.

The Legal Framework
Investors who believe they have been affected by Manhattan Associates' actions are encouraged to contact Pomerantz LLP. They can reach out to Danielle Peyton either through her email at [email protected] or via phone at 646-581-9980. It’s vital for those interested to provide their mailing address, number of shares purchased, and contact numbers. The deadline to apply to be appointed as Lead Plaintiff for the class is April 28, 2025, indicating the urgency for applicants to act quickly.

Background of the Case
The current troubles for Manhattan Associates began with a press release dated January 28, 2025, where the Company disclosed disappointing financial results for the fourth quarter and the entire fiscal year of 2024. The result report revealed a mere 0.3% increase in services revenue amounting to $119.5 million for the quarter, which notably fell short of the earlier projected figures by nearly $2 million. The Company attributed these results to several factors, including delays in professional services and postponed deals.

Furthermore, Manhattan Associates cautioned that its revenue from services might dip further into early 2025, with projections suggesting only modest growth of between 2% to 3% for the year. They also reported a concerning expectation of a decline in GAAP earnings per share (EPS) by approximately 10% to 13%. Most alarmingly, around 10% of its customer base reportedly reduced their commitments to ongoing projects, creating more questions about the Company's prospects moving forward.

These revelations had significant repercussions for Manhattan’s stock performance, as on January 29, 2025, shares plunged by 24.49%, closing at $222.84 per share. This sharp decline underscored the market's negative sentiment and uncertainty surrounding the Company's future.

Pomerantz LLP's Role
Founded over 85 years ago, Pomerantz LLP has a long history of advocating for investors' rights, particularly in cases of securities fraud and corporate misconduct. The firm is distinguished for its efforts in recovering substantial damages for victims of such offenses. The assertion of legal action against Manhattan Associates aligns with Pomerantz's commitment to holding corporations accountable for their actions and ensuring that shareholders can seek justice.

Next Steps for Investors
Investors impacted by these events are highly encouraged to gather necessary documentation concerning their investments in Manhattan Associates. They should consider seeking advisory services from Pomerantz LLP or other legal entities specializing in securities litigation. With the looming deadlines, proactive steps are crucial to ensure potential claims are effectively filed and represented.

For further information about joining the class action or obtaining the Complaint, investors can visit Pomerantz Law Firm's official website. This case highlights the importance of vigilance among shareholders and the need for corporate transparency, particularly in tumultuous financial climates.

Conclusion

As the situation continues to develop, Pomerantz LLP remains committed to defending the rights of affected investors. The class action lawsuit against Manhattan Associates represents an important legal avenue for those seeking recourse following significant financial setbacks. Investors are urged to stay informed and act decisively to protect their interests as this case unfolds.