Investors with Losses in Manhattan Associates Have Class Action Opportunity

Opportunity for Investors in Manhattan Associates Inc.

In light of significant financial losses recently incurred by shareholders of Manhattan Associates, Inc. (NASDAQ: MANH), Robbins LLP is reaching out to those affected to inform them of their legal rights and the potential opportunity to lead a class action lawsuit. This follows the filing of a complaint on behalf of investors who acquired securities of the company between October 22, 2024, and January 28, 2025.

Background on Manhattan Associates

Manhattan Associates, a prominent global player, specializes in software solutions designed to enhance the management of supply chains, inventory, and omnichannel operations. This core mission places them at the intersection of technology and logistics, making them vital in today's fast-paced commercial environment.

Legal Allegations and Investor Implications

According to the complaint filed, Manhattan Associates misled investors regarding its projected revenue growth for the fiscal year 2025. During the class period in question, the company's representatives allegedly assured investors about their strong growth forecasts, attributing their optimistic outlook to the resilience of their professional services and the potential contributions from cloud revenues. However, these assurances were coupled with crucial omissions, allegedly concealing the reality that the company was not positioned to meet the ambitious targets it had set.

On January 28, 2025, Manhattan Associates revealed disappointing financial results for the fourth quarter and the entire fiscal year 2024, accompanied by a downward revision of their revenue guidance. They attributed this reduction to a shift in professional services to future periods and other operational challenges. Following this announcement, their stock price plummeted by over 24%, significantly impacting shareholders' investments.

How Investors Can Respond

Investors who suffered losses during this period and wish to engage with the class action must fulfill certain requirements. To qualify as a lead plaintiff—a representative for other class members—interested shareholders must file their motions by April 28, 2025. Importantly, participation in the case is not a requisite to recover potential losses. Those opting to refrain from further action may still be eligible as absent class members.

For additional details or to express interest in participating as a lead plaintiff, shareholders are encouraged to contact Robbins LLP directly. The firm operates on a contingency fee basis, meaning shareholders will not incur any costs unless recoveries are achieved.

About Robbins LLP

Established in 2002, Robbins LLP has built a solid reputation as a leader in shareholder rights litigation. The firm is dedicated to empowering shareholders to recoup losses, advance corporate governance practices, and hold company executives accountable. In light of the current situation dealing with Manhattan Associates, Robbins LLP continues to advocate for transparency and fairness in corporate practices.

Conclusion

If you or someone you know has been impacted by the recent financial downturn in Manhattan Associates, now is the time to take action. Shareholders can navigate this situation with the support of Robbins LLP, ensuring their voices are heard and rights are protected throughout the legal process. Stay informed of future developments, and do not hesitate to reach out for assistance.