Law Offices of Howard G. Smith Encourages Manhattan Associates, Inc. (MANH) Investors To Inquire About Securities Fraud Class Action
Law Offices of Howard G. Smith Encourages Manhattan Associates, Inc. (MANH) Investors To Inquire About Securities Fraud Class Action
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Manhattan Associates, Inc. (“Manhattan Associates” or the “Company”) (NASDAQ: MANH) securities between October 22, 2024, to January 28, 2025, inclusive (the “Class Period”). Manhattan Associates investors have until April 28, 2025 to file a lead plaintiff motion.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN MANHATTAN ASSOCIATES, INC. (MANH), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On January 28, 2024, Manhattan Associates released its fourth quarter and full year 2025 financial results and announced reduced revenue guidance for 2025 due to a “shift in professional services work to future periods . . . and to a lesser extent, reduced customization and higher partner utilization.”
On this news, Manhattan Associates’ stock price fell $72.26, or 24.5%, to close at $222.84 per share on January 29, 2025, thereby injuring investors.
What Is The Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company’s Service Segment was ill equipped to achieve the purportedly “responsible targets” set by Manhattan Associates; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you purchased Manhattan Associates securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com