SAN DIEGO, March 11, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of investors who purchased or otherwise acquired Manhattan Associates, Inc. (NASDAQ: MANH) securities between October 22, 2024 and January 28, 2025. Manhattan Associates is a global company that develops, sells, deploys, services, and maintains software solutions for the purpose of assisting in the management of supply chains, inventory, and omnichannel operations for its customers. For mor ...

Core Viewpoint - A class action has been filed against Manhattan Associates, Inc. for allegedly misleading investors about its growth potential and revenue forecasts during a specified period [1][2]. Group 1: Allegations and Financial Performance - The complaint alleges that during the class period, Manhattan Associates provided optimistic statements regarding its expected revenue for fiscal year 2025, including confidence in its forecasting ability and growth potential of professional services [2]. - Despite these positive assertions, the company purportedly failed to disclose its actual capability to deliver responsible growth targets, indicating a lack of preparedness to meet such expectations [2]. - On January 28, 2025, Manhattan Associates reported its fourth-quarter and full-year 2024 financial results, announcing a reduction in revenue guidance for fiscal year 2025, attributing this to a shift in professional services work and other operational challenges [3]. - Following the announcement, the stock price of Manhattan Associates fell from $295.10 per share to $222.84 per share, marking a decline of over 24% [3]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against Manhattan Associates, with a deadline to file as lead plaintiff by April 28, 2025 [4]. - A lead plaintiff represents the interests of other class members in the litigation, although participation is not required to be eligible for recovery [4]. Group 3: Company Background - Manhattan Associates, Inc. is a global company specializing in software solutions for supply chain management, inventory, and omnichannel operations [1].

LOS ANGELES, Feb. 28, 2025 /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Manhattan Associates, Inc. ("Manhattan" or "the Company") (NASDAQ: MANH) for violations of the federal securities laws.Shareholders who purchased the Company's securities between October 22, 2024 and January 28, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before April 28, 2025.CASE DETAILS: The Company allegedly made false and misleading statements to the market conce ...

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, alleging securities fraud and unlawful business practices [2][3]. Financial Performance - For Q4 2024, Manhattan Associates reported services revenue of $119.5 million, a growth of only 0.3% year-over-year, and approximately $2 million below the guidance provided in October 2024 [3]. - The company anticipates that services revenue will reach a low point in Q1 2025, with solid revenue growth expected to resume by mid-year [3]. - Manhattan Associates projects modest revenue growth of 2% to 3% for 2025, while GAAP EPS is expected to decline by 10% to 13% [3]. Market Reaction - Following the financial results announcement, Manhattan Associates' stock price fell by $72.26 per share, or 24.49%, closing at $222.84 per share on January 29, 2025 [4]. Customer Challenges - Approximately 10% of customers with ongoing implementations have scaled back their planned services work for the upcoming calendar and fiscal year, indicating emerging challenges in the services business [3].

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. for failing to disclose the true state of its forecasting ability for professional services, leading to a significant drop in share price following the release of disappointing financial results and lowered revenue guidance for 2025 [1][3][4]. Financial Performance - On January 28, 2025, Manhattan Associates reported its financial results for Q4 and the full fiscal year 2024, along with a reduced revenue guidance for the full fiscal year 2025 [3]. - The company attributed its results and lowered guidance to a shift in professional services work to future periods and reduced customization, alongside higher partner utilization [3]. - Following this announcement, Manhattan's share price fell by $72.26, approximately 24%, from $295.10 to $222.84 per share [3]. Legal Proceedings - The class action lawsuit was filed in the U.S. District Court for the Northern District of Georgia on behalf of investors who acquired Manhattan securities during the Class Period from October 22, 2024, to January 28, 2025 [1]. - Investors have until April 28, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1].

Core Viewpoint - A class action has been filed against Manhattan Associates, Inc. for allegedly misleading investors about its growth potential and revenue forecasts during a specified period [1][2]. Group 1: Allegations and Financial Performance - The complaint alleges that during the class period, Manhattan Associates provided misleading information regarding its expected revenue for fiscal year 2025, expressing confidence in its forecasting ability despite macroeconomic challenges [2]. - The company was accused of failing to disclose its actual capability to deliver responsible growth targets, suggesting that its professional services were not adequately equipped to meet such targets [2]. - On January 28, 2024, Manhattan Associates reported its fourth-quarter and full fiscal year 2024 results, announcing a reduction in revenue guidance for fiscal year 2025, attributing this to a shift in professional services work and higher partner utilization, leading to a stock price decline of over 24% from $295.10 to $222.84 per share [3]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against Manhattan Associates, with a deadline to file as lead plaintiff by April 28, 2025 [4]. - Shareholders do not need to participate in the case to be eligible for recovery, and they can choose to remain absent class members [4]. Group 3: Company Background - Manhattan Associates, Inc. is a global company specializing in software solutions for supply chain management, inventory, and omnichannel operations [1].

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. for allegedly misleading investors regarding its growth forecasts during the specified Class Period from October 22, 2024, to January 28, 2025 [3]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period, Manhattan Associates made positive statements while concealing adverse facts about its ability to forecast growth in professional services [3]. - Allegations include that the company was either unable to set responsible growth targets or that its services were inadequate to meet those targets [3]. - Investors are encouraged to file a lead plaintiff motion by April 28, 2025, to participate in the class action [1]. Group 2: Investor Support - The Portnoy Law Firm offers complimentary case evaluations for investors seeking to recover losses related to the alleged corporate wrongdoing [2][4]. - Investors can contact attorney Lesley F. Portnoy for discussions regarding their legal rights and options [2].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Manhattan Associates, Inc. due to allegations of false and misleading statements regarding the company's revenue expectations for fiscal year 2025, which led to significant investor losses [2][4]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi, LLP is encouraging investors who suffered losses exceeding $100,000 in Manhattan Associates between October 22, 2024, and January 28, 2025, to discuss their legal options [1]. - The firm is investigating claims against Manhattan Associates and reminds investors of the April 28, 2025, deadline to seek the role of lead plaintiff in a federal securities class action [2]. - The complaint alleges that the company and its executives violated federal securities laws by making false statements about expected revenue and growth potential [4]. Group 2: Financial Performance and Stock Impact - On January 28, 2025, Manhattan Associates reported its financial results for Q4 and the full fiscal year 2024, announcing reduced revenue guidance for fiscal year 2025 [5]. - The company attributed the reduced guidance to a shift in professional services work and higher partner utilization, leading to a dramatic stock price decline from $295.10 to $222.84, a drop of approximately 24.49% in one day [5]. Group 3: Class Action Participation - The lead plaintiff in a class action is the investor with the largest financial interest who directs the litigation on behalf of the class, and any member may move to serve as lead plaintiff [6]. - Members of the putative class can choose to participate or remain absent without affecting their ability to share in any recovery [6]. Group 4: Whistleblower and Information Gathering - Faruqi & Faruqi, LLP is also encouraging individuals with information regarding Manhattan Associates' conduct, including whistleblowers and former employees, to contact the firm [7].

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. for allegedly misleading investors regarding its Services business and growth prospects, leading to significant financial losses for shareholders [1][4][8]. Group 1: Lawsuit Details - The lawsuit, Prime v. Manhattan Associates, Inc., represents investors who acquired securities between October 22, 2024, and January 28, 2025 [1][2]. - The lead plaintiff deadline for the lawsuit is set for April 28, 2025 [2]. Group 2: Company Performance and Allegations - The litigation focuses on Manhattan Associates' public statements about its Services business, which is a key revenue component, including planning, implementation, consulting, and training [2][4]. - Historically, the company assured investors that Services growth was linked to cloud sales and customer upgrades, while downplaying macroeconomic uncertainties [3][4]. - The complaint alleges that the company made false statements and failed to disclose critical information, creating a misleading impression about its revenue outlook and growth potential [4]. Group 3: Financial Impact - On January 28, 2025, the company reported disappointing Q4 2024 Services revenue of $119.5 million, a mere 0.3% increase year-over-year, falling short of previous guidance by approximately $2 million [5]. - The company indicated that delays in professional services and deferred deals contributed to this disappointing performance, predicting a low point in Services revenue for Q1 2025 [6]. - Additionally, around 10% of customers scaled back their planned services for the upcoming year, and the company projected modest total revenue growth of 2% to 3% for FY 2025, with GAAP EPS expected to decline by 10% to 13% [7]. Group 4: Market Reaction - Following the negative announcements, Manhattan Associates' stock price dropped approximately 24% on January 29, 2025, resulting in a loss of over $4 billion in shareholder value [8].

Core Viewpoint - A class action lawsuit has been filed against Manhattan Associates, Inc. for allegedly misleading investors about its growth potential and revenue forecasts during a specified period [1][2]. Group 1: Allegations and Company Performance - The lawsuit claims that during the class period, Manhattan Associates provided investors with optimistic statements regarding its expected revenue for fiscal year 2025, including confidence in its forecasting ability and growth potential of professional services [2]. - The complaint highlights that the company failed to disclose its actual capability to deliver reliable growth targets, suggesting that either the company was not equipped to provide such forecasts or its services were inadequate to meet those targets [2]. - On January 28, 2025, Manhattan Associates reported its financial results for Q4 and the full fiscal year 2024, announcing a reduction in revenue guidance for fiscal year 2025 due to a shift in professional services work and other factors, leading to a stock price drop of over 24% from $295.10 to $222.84 per share [3]. Group 2: Legal Proceedings and Shareholder Information - Shareholders interested in participating in the class action must file their papers by April 28, 2025, to serve as lead plaintiffs, representing other class members in the litigation [4]. - Shareholders are not required to participate in the case to be eligible for recovery, and they can choose to remain absent class members if they do not take action [4]. Group 3: Company Background - Robbins LLP, the firm leading the class action, has been focused on shareholder rights litigation since 2002, aiming to help shareholders recover losses and improve corporate governance [5].