#United States #San Diego #Class Action #Robbins LLP #Manhattan Associates

Investor Alert: Class Action Filed Against Manhattan Associates, Inc.

San Diego-based Robbins LLP has alerted shareholders about a recently filed class-action lawsuit aimed at Manhattan Associates, Inc. (NASDAQ: MANH). This legal action involves investors who bought or acquired securities of the company between October 22, 2024, and January 28, 2025. Manhattan Associates specializes in delivering software solutions that empower businesses to manage their supply chains, inventory, and omnichannel operations effectively.

Allegations Against Manhattan Associates

The crux of the lawsuit lies in allegations that Manhattan Associates misled investors concerning its growth potential. The complaint notes that during the aforementioned class period, the company's executives conveyed optimistic projections about their projected revenue for the fiscal year 2025. These statements allegedly included an expressed confidence in their capability to forecast financial outcomes despite prevailing macroeconomic uncertainties. Moreover, they emphasized the expected growth in their professional services and cloud revenue, which they claimed would substantially contribute to revenue generation.

However, Robbins LLP argues that key information was allegedly withheld from investors. It appears that the company had doubts about its capability to reliably achieve the optimistic growth targets it communicated to the market. Essentially, Manhattan Associates might not have been equipped to deliver on the ambitious forecasts set forth during investor briefings.

Financial Fallout

When Manhattan Associates released its fiscal results for the fourth quarter and the overall year of 2024 on January 28, 2025, expectations were dramatically adjusted. The company disclosed a downward revision in its revenue guidance for 2025, citing a