Investor Alert: Faruqi & Faruqi, LLP Investigating Manhattan Associates Claims
Faruqi & Faruqi, LLP, a well-regarded national securities law firm, is launching an investigation into potential claims for investors of Manhattan Associates, Inc. (NASDAQ: MANH). This follows a significant drop in the company's stock price, which has raised concerns among shareholders. Investors who sustained losses exceeding $100,000 between October 22, 2024, and January 28, 2025, are encouraged to reach out to the law firm for further discussion about their legal options.
The firm, with locations in New York, Pennsylvania, California, and Georgia, has a proven track record of recovering substantial sums for investors since its founding. In detail, the investigation centers on allegations that Manhattan Associates and its executives have breached federal securities laws by issuing false or misleading statements. These statements primarily pertained to the expected revenue for fiscal year 2025 and the company’s alleged confidence in forecasting despite fluctuating macroeconomic conditions.
On January 28, 2025, Manhattan Associates reported its financial performance for the fourth quarter and the full fiscal year of 2024. To the dismay of investors, the company also slashed its revenue guidance for the entirety of fiscal year 2025. The reduction was attributed to a shift in professional services work into future periods and higher partner utilization. Following this news, shares plummeted nearly 24.49%, from a closing price of $295.10 to $222.84, representing a significant loss for shareholders in just one trading day.
Faruqi & Faruqi is calling upon individuals who believe they have information regarding Manhattan Associates’ practices, including former employees and whistleblowers, to contact them. The firm aims to build a comprehensive class action lawsuit, with a deadline for investors to seek lead plaintiff status set for April 28, 2025. The lead plaintiff will be representative of the larger class and direct the lawsuit’s progress.
The law firm stress that potential class members' decisions to become lead plaintiffs, or to remain as passive participants, will not hinder their eligibility for any recovery or settlements. Furthermore, the firm guarantees that all communications exchanged will be kept confidential.
For more information on this investigation or to ascertain more about your rights as an investor, you can visit Faruqi & Faruqi’s website or contact partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). As Faruqi & Faruqi continues its investigation into Manhattan Associates, updates will also be shared across their social media platforms including LinkedIn, X, and Facebook.
Legal representation in securities class actions can often lead to recoveries for those affected, and Faruqi & Faruqi stands ready to assist individuals in navigating these complicated legal waters. The firm urges all affected investors not to delay in seeking advice, as the implications of such losses can be profound. Precautionary interventions are fundamental in today’s complex investment landscape, and understanding one’s rights and options is paramount to achieving justice.
The firm, with locations in New York, Pennsylvania, California, and Georgia, has a proven track record of recovering substantial sums for investors since its founding. In detail, the investigation centers on allegations that Manhattan Associates and its executives have breached federal securities laws by issuing false or misleading statements. These statements primarily pertained to the expected revenue for fiscal year 2025 and the company’s alleged confidence in forecasting despite fluctuating macroeconomic conditions.
On January 28, 2025, Manhattan Associates reported its financial performance for the fourth quarter and the full fiscal year of 2024. To the dismay of investors, the company also slashed its revenue guidance for the entirety of fiscal year 2025. The reduction was attributed to a shift in professional services work into future periods and higher partner utilization. Following this news, shares plummeted nearly 24.49%, from a closing price of $295.10 to $222.84, representing a significant loss for shareholders in just one trading day.
Faruqi & Faruqi is calling upon individuals who believe they have information regarding Manhattan Associates’ practices, including former employees and whistleblowers, to contact them. The firm aims to build a comprehensive class action lawsuit, with a deadline for investors to seek lead plaintiff status set for April 28, 2025. The lead plaintiff will be representative of the larger class and direct the lawsuit’s progress.
The law firm stress that potential class members' decisions to become lead plaintiffs, or to remain as passive participants, will not hinder their eligibility for any recovery or settlements. Furthermore, the firm guarantees that all communications exchanged will be kept confidential.
For more information on this investigation or to ascertain more about your rights as an investor, you can visit Faruqi & Faruqi’s website or contact partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). As Faruqi & Faruqi continues its investigation into Manhattan Associates, updates will also be shared across their social media platforms including LinkedIn, X, and Facebook.
Legal representation in securities class actions can often lead to recoveries for those affected, and Faruqi & Faruqi stands ready to assist individuals in navigating these complicated legal waters. The firm urges all affected investors not to delay in seeking advice, as the implications of such losses can be profound. Precautionary interventions are fundamental in today’s complex investment landscape, and understanding one’s rights and options is paramount to achieving justice.
Topics Financial Services & Investing）
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