INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Manhattan Associates, Inc. (NASDAQ: MANH); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel

/EIN News/ -- SAN DIEGO, April 03, 2025 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed on behalf of all persons and entities that purchased or otherwise acquired Manhattan Associates, Inc. (NASDAQ: MANH) (“Manhattan” or the “Company”) securities between October 22, 2024 and January 28, 2025 (the “Class Period”), charging the Company and certain senior executives with violations of the federal securities laws (collectively, “Defendants”).

Manhattan investors have until April 28, 2025 to seek appointment as lead plaintiff of the Manhattan class action lawsuit.

If you purchased or acquired Manhattan securities between October 22, 2024 and January 28, 2025, and suffered substantial losses, and you wish to obtain additional information or serve as lead plaintiff in this lawsuit, you may submit your information and contact us here: https://dicellolevitt.com/securities/manhattan-associates/.

You can also contact DiCello Levitt attorneys Brian O’Mara or Ruben Peña by calling (888) 287-9005 or emailing investors@dicellolevitt.com. Those who inquire by email are encouraged to include their mailing address, telephone number, and the number of shares purchased.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice.

Case Allegations

Manhattan provides software solutions designed to help its customers manage supply chains, inventory, and omnichannel operations. The Company provides customers with its applications via the cloud and as a software-as-a-service subscription model. Manhattan also assists its customers in planning and implementing the Company’s solutions.

The Manhattan lawsuit alleges that Defendants created the false impression that they possessed reliable information pertaining to the Company’s projected revenue outlook and anticipated growth while also minimizing risk from seasonality and macroeconomic fluctuations. For example, Defendants repeatedly praised the Company’s services revenue growth by stating that “Manhattan’s business fundamentals are solid, and we remain confident and very optimistic about our business opportunity. While the global macro environment remains challenging, demand for our solutions is robust” and “[w]hile we continue to be appropriately cautious, I think, on the volatile macro conditions . . . we’re still very confident in achieving the high end of our RPO goals for 2024.”

However, Manhattan’s optimistic statements fell well short of reality. The truth emerged on January 28, 2025, when Manhattan published its financial results for the fourth quarter and full fiscal year 2024 and announced reduced revenue guidance for the full fiscal year 2025. The Company attributed its results and lowered guidance on the “shift in professional services work to future periods . . . and to a lesser extent, reduced customization and higher partner utilization.”

On this news, the price of Manhattan’s common stock fell by $72.26 per share, or approximately 25%, to close at $222.84 per share on January 29, 2025.

About DiCello Levitt

At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases – whether by trial, settlement, or otherwise – for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens’ rights and interests. Every day, we put our reputations – and our capital – on the line for our clients.

DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the National Law Journal, in addition to its top-tier Chambers and Benchmark ratings. The New York Law Journal also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the Firm, including recent trial victories and case resolutions, please visit www.dicellolevitt.com.

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Media Contact

Amy Coker
4747 Executive Drive, Suite 240
San Diego, CA 92121
619-963-2426
investors@dicellolevitt.com