Manhattan Associates(US:MANH) Newsfilter·2025-03-15 13:04Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Manhattan Associates, Inc. due to allegations of violations of federal securities laws related to misleading statements about the company's revenue expectations for fiscal year 2025 [2][4]. Group 1: Legal Investigation and Class Action - The law firm is encouraging investors who suffered losses in Manhattan Associates to contact them directly to discuss their legal options [1]. - There is an April 28, 2025 deadline for investors to seek the role of lead plaintiff in a federal securities class action against Manhattan Associates [2][6]. - The firm is also seeking information from whistleblowers, former employees, and shareholders regarding the company's conduct [7]. 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, along with a reduced revenue guidance for fiscal year 2025 [5]. - The company attributed its lowered guidance to a shift in professional services work and increased partner utilization, leading to a significant stock price drop from $295.10 to $222.84, a decline of approximately 24.49% in one day [5]. Group 3: Allegations of Misleading Statements - The complaint alleges that Manhattan Associates and its executives made false or misleading statements regarding the company's revenue forecasts and growth potential, particularly in professional services and cloud revenue [4].