Manhattan Associates Investors Can Lead Securities Fraud Case with Faruqi & Faruqi, LLP
Investors Encouraged to Step Forward in Fraud Litigation
Investors who have incurred losses surpassing $100,000 from their holdings in Manhattan Associates (NASDAQ: MANH) between October 22, 2024, and January 28, 2025, are urged to participate in an important legal action spearheaded by the esteemed law firm Faruqi & Faruqi, LLP. This litigation addresses serious allegations of securities fraud against the company.
The Allegations Against Manhattan Associates
Faruqi & Faruqi, LLP has emerged as a significant player in securities litigation, investigating claims that the executives of Manhattan Associates made misleading statements about the company's financial health and revenue prospects. These falsehoods pertained to the projected revenue for the fiscal year 2025, leading investors to believe in the firm's robust future despite various macroeconomic challenges.
In their statements, senior executives highlighted their confidence in the company's ability to meet revenue guidance and expressed optimism regarding growth opportunities. However, the reality of the situation became evident when, on January 28, 2025, the company reported disappointing financial results for the fourth quarter and, more alarmingly, reduced its revenue forecast for the full fiscal year 2025.
The announcement cited a
Topics Financial Services & Investing）
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