Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm Encourages Manhattan Associates, Inc. (MANH) Investors To Inquire About Securities Fraud Class Action

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, announces that a securities fraud class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired 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 SUFFERED A LOSS ON YOUR MANHATTAN ASSOCIATES, INC. (MANH) INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS UNDER THE FEDERAL SECURITIES LAWS

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.

If you purchased or otherwise acquired Manhattan Associates securities during the Class Period, you may move the Court no later than April 28, 2025 to request appointment as lead plaintiff in this putative class action lawsuit.

Contact Us To Participate or Learn More:

If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Charles Linehan, Esq.,
Glancy Prongay & Murray LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [e-mail]
Telephone: [phone],
Toll-Free: 888-773-9224
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.

If you inquire by email, please include your mailing address, telephone number and number of shares purchased.

To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.