Legal Alert: Investigating Manhattan Associates Claims for Investors with Significant Losses

Ongoing Investigation into Manhattan Associates

Faruqi & Faruqi, LLP, a reputable national securities law firm known for its extensive work in investor advocacy, has recently announced its investigation into potential claims concerning Manhattan Associates, Inc. Investors who experienced losses exceeding $100,000 between October 22, 2024, and January 28, 2025, are encouraged to come forward and explore their legal options. The firm is actively reaching out to those affected, emphasizing the importance of understanding their rights in light of the significant stock declines that the company has faced.

The call to action was spearheaded by Securities Litigation Partner, James (Josh) Wilson, who highlighted the urgency of addressing these investor concerns. With a firm deadline of April 28, 2025, for potential plaintiffs to join the federal securities class action against Manhattan Associates, time is of the essence. Investors who sustain substantial financial damages are urged to contact Wilson directly at either 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss their claims.

Background on Manhattan Associates’ Financial Woes

Manhattan Associates, publicly traded under the NASDAQ ticker MANH, has recently come under scrutiny following a series of troubling disclosures regarding its fiscal performance. In January 2025, the company released its financial results for the fourth quarter and the full year of 2024, revealing a concerning trend of reduced revenue guidance for the forthcoming fiscal year. This downward revision was explained in part by a shift in professional services work and reduced customization, which led to an alarming drop in stock price.

The firm recorded a closing price of $295.10 on January 28, 2025, only to witness an astonishing decline to $222.84 by the next day—an eye-watering 24.49% drop in a single trading session. Such dramatic fluctuations have raised serious questions about the company’s operational transparency and the accuracy of its prior revenue forecasts, particularly in light of its prior reassurances of steady growth despite market fluctuations.

Faruqi & Faruqi is looking into allegations that the company and its executives may have misled investors by providing overly optimistic forecasts for their revenues and growth prospects. These include assurances about the stability and growth potential of their professional services and cloud revenue streams, which now appear increasingly questionable given the recent developments. The firm’s investigation seeks to ascertain whether these statements were intentionally deceptive or merely misjudgments affecting investor trust.

Seeking Lead Plaintiff

The class action lawsuit's lead plaintiff will be designated based on having the largest financial interest in the outcome of the case, and it is expected that this individual will advocate on behalf of all affected investors. Those who join the class action can also choose to have personal legal counsel represent their interests. Notably, participation in the lawsuit does not diminish any investor's right to a potential recovery based on their financial losses.

Faruqi & Faruqi is not only focused on investor claims but is also inviting information from anyone with knowledge about the events at Manhattan Associates, including whistleblowers and former employees. Such insights can be critical in strengthening the legal case being developed against the company.

Closing Remarks

Investors who believe they might be impacted should take no action lightly. The legal landscape surrounding securities litigation can be complex and fraught with challenges. Hence, Faruqi & Faruqi’s open dialogue process is designed to equip investors with necessary information to navigate these turbulent waters. As the April 28th deadline approaches, the firm is committed to ensuring that those affected are fully informed and able to take appropriate action.

For more details related to this ongoing investigation, or to inquire directly about your situation, visit Faruqi & Faruqi’s website or contact partner Josh Wilson to explore your rights and options. This is not only a chance for potential recovery but also an opportunity to hold corporations accountable for their responsibilities to investors.