Robbins LLP Reminds MANH Investors of the Upcoming Lead Plaintiff Deadline in the Manhattan Associates, Inc. Class Action

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]. Summary by Sections Allegations - The complaint claims that during the class period, Manhattan Associates provided investors with optimistic information regarding its expected revenue for fiscal year 2025, including confidence in forecasting despite macroeconomic challenges and the growth potential of its professional services [2]. - It is alleged that the company failed to disclose its actual capability to deliver responsible growth targets, suggesting that either the company was not equipped to meet these targets or its services were inadequate [2]. Financial Results and Stock Impact - On January 28, 2024, Manhattan Associates released its financial results for Q4 and the full fiscal year 2024, along with a reduced revenue guidance for fiscal year 2025, attributing this to a shift in professional services work and reduced customization [3]. - Following this announcement, the stock price fell from $295.10 per share on January 28, 2025, to$ 222.84 per share on January 29, 2025, marking a decline of over 24% [3]. 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 can choose to remain absent from the case while still being eligible for recovery [4]. Company Background - Robbins LLP is noted as a leader in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance since 2002 [5].