Manhattan Associates(US:MANH) Prnewswire·2025-02-27 15:47Core 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].