Investors Alert: Manhattan Associates Faces Securities Investigation Amid Revenue Decline

A critical alert has been issued for investors affected by significant financial losses associated with Manhattan Associates, Inc. (NASDAQ: MANH). Securities Litigation Partner James (Josh) Wilson from Faruqi & Faruqi, LLP is reaching out to investors who encountered losses exceeding $100,000 between October 22, 2024, and January 28, 2025. The firm is actively investigating potential claims against the company and encourages affected investors to discuss their options directly with legal counsel.

The Context of the Investigation

Recent financial reports from Manhattan Associates have raised serious concerns. On January 28, 2025, the company released its fourth-quarter results for fiscal year 2024, which included a significant reduction in revenue guidance for fiscal year 2025. This downtrend is attributed to several factors, including a “shift in professional services work to future periods” and “reduced customization combined with higher partner utilization.” Following the disclosure of these financial results, Manhattan Associates' stock price plummeted by approximately 24.49%, starting from a closing price of $295.10 per share on January 28, to $222.84 per share the following day.

The falling stock price signals a potential breach in the company’s obligations to its investors, as the anticipated revenue did not meet expectations set forth in earlier communications. It raises essential questions about the statements made by the company's executives regarding growth and revenue forecasts amidst fluctuating market conditions.

Legal Options for Investors

For those investors impacted by this significant drop in stock value, Josh Wilson emphasizes the importance of understanding one's legal rights. Investors are reminded that they have until April 28, 2025, to file as a lead plaintiff in a federal securities class action against Manhattan Associates. The lead plaintiff will direct and oversee litigation efforts on behalf of all investors affected by the company's alleged misconduct. Importantly, participation in this lead plaintiff process does not affect the investor's ability to recover any of their losses.

Furthermore, the law firm encourages anyone associated with Manhattan Associates, including former employees or whistleblowers, to come forward with information that may assist in this case. This collective support could play a significant role in strengthening the allegations against the company if enough evidence and testimonies are gathered.

How to Get Involved

Investors who have suffered losses and wish to explore their options should consider reaching out to Faruqi & Faruqi, LLP. Potential plaintiffs can contact Josh Wilson directly at 877-247-4292 or 212-983-9330, extension 1310. More information regarding the Manhattan Associates class action is available at Faruqi & Faruqi’s official website.

The upcoming months will be critical for stakeholders impacted by these unexpected changes in Manhattan Associates, as legal avenues open up for recovering their investments. Vigilance and swift action are recommended to safeguard financial interests during this troubled time.

Conclusion

With the significant drop in stock value and ongoing investigations into possible securities violations, Manhattan Associates' recent actions pose substantial threats to its investors. Faruqi & Faruqi, LLP is poised to help those affected navigate the complexities of securities law and ensure that they have the opportunity to recover losses. Investors should remain informed and proactive concerning their legal rights and options amidst this volatile situation.