Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Manhattan Associates, Inc.
New York, NY – March 2, 2025
Bronstein, Gewirtz & Grossman, LLC, a prominent national securities law firm, has announced that a class action lawsuit has been filed against Manhattan Associates, Inc. (“Manhattan Associates” or “the Company”) (NASDAQ: MANH) and certain of its officers. The complaint alleges that the Company and its officers violated the federal securities laws during the Class Period, which spans from October 22, 2024, to January 28, 2025.
Class Definition
The lawsuit aims to recover damages on behalf of all persons and entities that purchased or otherwise acquired Manhattan Associates securities during the Class Period. Eligible class members include both institutional and individual investors.
Allegations
The complaint alleges that Manhattan Associates and its officers made false and misleading statements and failed to disclose material information to investors regarding the Company’s business, operations, and financial condition. Specifically, the lawsuit alleges that the Company misrepresented the performance of its supply chain software, which led to inflated revenue and earnings.
Implications for Investors
If the allegations in the lawsuit are proven, investors who purchased Manhattan Associates securities during the Class Period may be entitled to compensation. The amount and form of damages will be determined by the court.
Global Impact
The filing of this class action lawsuit against Manhattan Associates could have far-reaching implications, not just for the Company and its investors but for the broader business community. If the allegations are proven, it could lead to increased scrutiny of other companies in the supply chain software industry and potentially result in increased regulation.
Additional Information
According to other online sources, Manhattan Associates’ stock price dropped significantly following the news of the class action lawsuit. The Company’s shares closed at $145.50 on January 28, 2025, but fell to $118.75 on March 1, 2025. The lawsuit could also impact Manhattan Associates’ business relationships and reputation, as investors and customers may lose confidence in the Company’s ability to deliver accurate financial information and perform as expected.
Conclusion
The filing of a class action lawsuit against Manhattan Associates, Inc. is a significant development that could have far-reaching implications for the Company and its investors. The allegations of financial misrepresentation and failure to disclose material information could result in significant damages for eligible class members. Additionally, the lawsuit could lead to increased scrutiny of the supply chain software industry and potentially result in increased regulation. As the case progresses, investors and the business community will be closely watching for updates and developments.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against Manhattan Associates, Inc.
- Allegations of financial misrepresentation and failure to disclose material information.
- Class Period spans from October 22, 2024, to January 28, 2025.
- Eligible class members include all persons and entities that purchased or otherwise acquired Manhattan Associates securities during the Class Period.
- Implications for investors could include compensation for damages.
- Lawsuit could lead to increased scrutiny of the supply chain software industry and potentially result in increased regulation.
