Manhattan Associates Investors: Legal Action Opportunity Amid Losses

In recent developments, Bronstein, Gewirtz & Grossman, LLC has issued a significant alert to investors of Manhattan Associates, Inc., regarding a class action lawsuit for those who have faced substantial financial losses. This lawsuit centers around alleged violations of federal securities laws and offers affected investors the chance to actively participate in the legal proceedings.

Class Action Lawsuit Details

The class action is open to individuals and entities that bought or acquired securities of Manhattan Associates between October 22, 2024, and January 28, 2025. Investors are encouraged to visit the firm’s website at bgandg.com/MANH for more information on joining the case and reviewing the filed complaint.

The complaint indicates that throughout the class period, the leadership of Manhattan Associates communicated confidence regarding the company's financial outlook, despite facing economic headwinds. Their announcements suggested that the company's professional services segment would experience growth and that cloud revenue would bolster overall performance. Unfortunately, this optimism was not reflected in Manhattan's actual financial results.

On January 28, 2025, the company revealed disappointing financial outcomes for the fourth quarter of 2024. Their reported services revenue of $119.5 million showcased merely a 0.3% increase year-over-year and notably fell short of their previously provided guidance. The company cited delays in professional services and deferred agreements as reasons for these results and projected a challenging first quarter of 2025, anticipating a gradual recovery in revenue later in the year. Moreover, alarming signs of constriction within their professional services division were revealed, as approximately 10% of existing customers reduced their planned services work heading into the new fiscal year.

Following these disclosures, Manhattan Associates' stock saw a sharp decline, dropping 24.49% on January 29, 2025, following the financial results announcement. The situation worsened on February 10, 2025, when news broke that Eddie Capel, the company’s President and CEO, would be stepping down just days later. This announcement prompted another stock price fall of 11.55%.

Steps Forward for Affected Investors

For investors who experienced losses during this turbulent period, the time to act is crucial. Those interested in potentially leading the class action have until April 28, 2025, to request that the court appoint them as lead plaintiff. Importantly, participation in any potential recovery does not necessitate serving as the lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning that legal expenses will only be covered by the court if the case is successful. This arrangement allows investors to pursue legal action without the burden of upfront costs.

The firm, which has built a strong reputation in representing investors in securities fraud and class action cases, has successfully recovered significant amounts for clients in the past. Interested parties are encouraged to reach out directly to the attorneys handling this case for specific inquiries or to get involved.

For continuous updates and insights, affected investors can follow Bronstein, Gewirtz & Grossman on various social media platforms such as LinkedIn, X (formerly Twitter), Facebook, and Instagram.

As legal proceedings continue, it is essential for Manhattan Associates investors to stay informed and consider their options in light of the recent developments surrounding potential securities fraud.