MANH Investors Have Opportunity to Lead Manhattan Associates Securities Fraud Lawsuit with Faruqi & Faruqi, LLP

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 expected revenue for fiscal year 2025, which has led to significant investor losses [2][4]. Group 1: Legal Investigation and Class Action - 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]. - A federal securities class action has been filed against Manhattan Associates, with a deadline of April 28, 2025, for investors to seek the role of lead plaintiff [2][6]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3]. Group 2: Allegations Against Manhattan Associates - The complaint alleges that Manhattan Associates and its executives violated federal securities laws by making false and misleading statements about the company's revenue expectations [4]. - Specific allegations include misleading confidence in the company's ability to forecast guidance amidst macroeconomic fluctuations and the growth potential of their professional services offerings [4]. Group 3: Financial Impact - On January 28, 2025, Manhattan Associates reported its financial results for Q4 and 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 to future periods 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].