#USA #New York #Faruqi & Faruqi #Investors Rights #Manhattan Associates

Faruqi & Faruqi Investigates Manhattan Associates

In the latest developments in the securities market, Faruqi & Faruqi, LLP, a prominent national securities law firm, has initiated a probe into potential claims on behalf of investors in Manhattan Associates, Inc., also known as "Manhattan." This investigation arises after the company made significant announcements that drew investor concern, particularly regarding their revenue predictions for the 2025 fiscal year.

The specific allegations against Manhattan Associates involve purported violations of federal securities laws. The company and its executives are accused of making misleading statements about financial expectations and growth prospects, particularly regarding their professional services and cloud revenue avenues. According to the claims, executives expressed undue confidence in their ability to forecast future revenues despite evident macroeconomic challenges.

On January 28, 2025, Manhattan Associates released its financial results for the fourth quarter and full fiscal year 2024, during which it also revealed a reduced revenue outlook for the following year. Citing a shift in professional services toward future work and an increase in partner utilization, the company adjusted its revenue forecasts downward. Following this announcement, there was a sharp decline in stock value — a staggering drop of nearly 24.49%, plunging from $295.10 to $222.84 per share within a single day.

Faruqi & Faruqi is urging investors who acquired securities in Manhattan Associates between October 22, 2024, and January 28, 2025, to consider their legal options given these developments. Investors are reminded that April 28, 2025, is the deadline to apply for the role of lead plaintiff in a federal securities class action lawsuit against the company. This position typically represents the interests of all affected investors and guides the litigation process on their behalf.

Potential plaintiffs can take action by reaching out directly to Faruqi & Faruqi partner Josh Wilson, who is actively overseeing this case. Legal representatives of the firm encourage anyone with information — including whistleblowers or former employees of Manhattan Associates — to come forward to assist in this investigation. The firm's ethos rests on transparency and compensation for investors affected by corporate malfeasance.

Founded in 1995, Faruqi & Faruqi has a long history of recovering vast sums of money for investors, and they are keen to uphold this legacy by ensuring that the affected parties receive their rightful dues. Investors wishing to engage in this case or seek more information can visit the firm’s website or contact the provided phone numbers for inquiries.

This situation serves as a sobering reminder of the volatility within the stock market and the crucial role of transparency from corporate executives. As the situation develops, affected investors are advised to remain informed and actively involved in their rights regarding securities law and potential recoveries.