Manhattan Associates Investors: Join the Class Action Today
Manhattan Associates Investors: Join the Class Action Today
Investors in Manhattan Associates, Inc. (NASDAQ: MANH) who suffered significant losses now have a crucial opportunity to participate in a class action lawsuit. Robbins LLP, a respected name in shareholder rights litigation, is spearheading this class action on behalf of affected investors. This action comes in light of serious allegations surrounding the company’s misleading information regarding its financial performance and growth capabilities.
The Case Against Manhattan Associates
The allegations stem from claims that Manhattan Associates, a leading developer of supply chain and inventory management solutions, misrepresented its revenue projections for the fiscal year. Investors were led to believe in the company's robust growth prospects, despite underlying issues that went unaddressed. The lawsuit primarily accuses the firm of lacking the ability to provide reliable financial forecasts, affecting the market's trust and, thus, the stock price.
Background of the Allegations
During the revealed class period, the statements issued by Manhattan Associates reflected confidence in their capacity to navigate any adverse economic conditions. They promoted the strength of their professional services and cloud revenue, highlighting an optimistic outlook. However, it appears that the company may not have possessed the necessary insights to substantiate these claims accurately.
Impact of Financial Results
The pivotal moment for investors unfolded when Manhattan Associates released its fourth-quarter financial results, coupled with a steep cut in revenue guidance for 2025. The company's admission of shifting professional services work and reduced customization requirements, linked to lowered expectations, resulted in a dramatic drop in share price. From approximately $295.10 per share, the value plummeted to around $222.84—indicating a notable decrease of over 24% within just a day.
Get Involved in the Class Action
If you hold shares of Manhattan Associates, Inc. and want to be part of the class action against the company, now is the time to act. Interested shareholders are encouraged to file their claims by the court deadline to be considered for lead plaintiff status. Being a lead plaintiff means representing fellow investors in this litigation process, though notice is given that one does not need to actively participate to qualify for potential recovery from any settlement.
About Robbins LLP
Since its inception in 2002, Robbins LLP has earned recognition for its dedicated efforts in protecting shareholder rights. The firm specializes in holding corporations and their executives accountable for decision-making that negatively impacts investors. Their success in securing recoveries and improving corporate governance structures has been paramount in restoring investor trust across various industries.
Why You Should Consider This Opportunity
Participating in this class action could be a vital step towards reclaiming your investment losses. With Robbins LLP handling all representation on a contingency fee basis, shareholders face no upfront costs, removing financial barriers to obtaining justice.
Frequently Asked Questions
What is the current situation with the class action against Manhattan Associates?
Investors who experienced losses from October 22, 2024, to January 28, 2025, are invited to join a class action due to allegations of misleading financial guidance.
What steps do I need to take to participate in the class action?
You need to file your papers with the court by the established deadline if you wish to serve as a lead plaintiff in the case against Manhattan Associates.
Is it necessary to actively participate to recover any losses?
No, you can remain an absent class member and still be eligible for recovery if a settlement is reached.
What costs are involved in participating in this class action?
There are no fees or expenses involved for shareholders, as Robbins LLP operates on a contingency fee basis.
How can I keep updated about this class action?
Shareholders can register for notifications related to the class action or receive alerts about potential wrongdoing from corporate executives by signing up for information from Robbins LLP.
About The Author
Contact Riley Hayes privately here. Or send an email with ATTN: Riley Hayes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
