#United States #New York #Pomerantz LLP #Investor Claims #Manhattan Associates

Pomerantz Law Firm Investigates Investor Claims Against Manhattan Associates, Inc.

Pomerantz LLP has initiated an investigation focusing on claims made by investors of Manhattan Associates, Inc. (NASDAQ: MANH). Concerned stakeholders are encouraged to reach out to Danielle Peyton at Pomerantz for more information.

Background of the Investigation

On January 28, 2025, Manhattan Associates published its financial results for the last quarter and the entire fiscal year of 2024. This announcement revealed that the company secured services revenue of $119.5 million in the fourth quarter. This figure marked a meager growth of only 0.3% compared to the previous year, which represented a significant shortfall of approximately $2 million from the growth forecast provided back in October 2024.

The company attributed the disappointing performance to delays experienced in professional services and some deferred deals. Manhattan Associates has projected that revenues would reach a low point in the first quarter of 2025, with hopes for a recovery starting mid-year. Notably, they also indicated that around 10% of their clients, who are in the midst of the implementation phase, had reduced their anticipated service engagement for the approaching calendar and fiscal year.

Impact on Stock Price

Following this unsettling news, Manhattan Associates witnessed a sharp decline in their stock price. On January 29, 2025, shares plummeted by $72.26, equivalent to a drop of 24.49%, closing at $222.84 per share. This significant drop serves as a clear indicator of the market's response to the company's financial disclosures and outlook.

The Role of Pomerantz LLP

Pomerantz LLP is recognized as a leading firm in handling complex corporate, securities, and antitrust class litigations. With a legacy dating back over 85 years, the firm was established by the late Abraham L. Pomerantz, a key figure in class action legal battles. Pomerantz continues its tradition of advocating for victims of securities fraud and corporate misdeeds.

The firm has a proven track record of recovering substantial monetary damages for its clients, which reinforces its reputation as a formidable player in this legal arena.

How Investors Can Engage

For investors who feel they may have been adversely affected by the events surrounding Manhattan Associates, Pomerantz invites them to join the ongoing investigation. Those interested can contact Danielle Peyton via email or phone, as provided in recent press releases.

The investigation aims to delve deeper into possible securities fraud or unlawful business operations potentially perpetrated by Manhattan Associates and its executives.

In conclusion, this investigation highlights the ongoing importance of corporate accountability and the necessity for transparency between firms and their investors. For Manhattan Associates, the path ahead will require addressing investor concerns and restoring confidence in their operations and future revenue projections.

For more updates about this investigation and other corporate litigation matters, stay with us as we bring you the latest information.