Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Manhattan Associates, Inc.
On March 13, 2025, Bronstein, Gewirtz & Grossman, LLC, a prominent law firm, announced the filing of a class action lawsuit against Manhattan Associates, Inc. (Manhattan Associates or the Company) and certain of its officers. The lawsuit alleges that Manhattan Associates violated federal securities laws during the period from October 22, 2024, to January 28, 2025.
Class Definition
The lawsuit aims to recover damages for all persons and entities that purchased or otherwise acquired Manhattan Associates securities during the aforementioned class period. The securities in question include common stock, preferred stock, and any warrant or right to purchase Manhattan Associates securities.
Allegations
The complaint alleges that Manhattan Associates and its officers made materially false and/or misleading statements and failed to disclose material information during the class period. Specifically, the lawsuit alleges that the defendants failed to disclose known issues with the Company’s supply chain software, which led to significant customer losses and financial damages.
Impact on Individual Investors
If the allegations in the lawsuit are proven, individual investors who purchased Manhattan Associates securities during the class period may be eligible to recover their losses. The exact amount of damages will depend on the outcome of the lawsuit and the specific circumstances of each investor’s case.
Impact on the World
The class action lawsuit against Manhattan Associates could have significant implications for the technology industry, particularly for companies that provide software solutions for supply chain management. The allegations of misrepresentation and failure to disclose could lead to increased scrutiny of similar companies and potentially result in additional lawsuits or regulatory actions.
Conclusion
The filing of this class action lawsuit against Manhattan Associates is a reminder of the importance of accurate and transparent disclosures, particularly for publicly traded companies. As the case progresses, investors and the technology industry will be closely watching for developments and potential implications.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against Manhattan Associates, Inc.
- Allegations of violations of federal securities laws during October 22, 2024, to January 28, 2025.
- Lawsuit seeks damages for all persons and entities that purchased or otherwise acquired Manhattan Associates securities during the class period.
- Allegations include failure to disclose known issues with the Company’s supply chain software.
- Individual investors who purchased Manhattan Associates securities during the class period may be eligible for damages.
- Lawsuit could have significant implications for the technology industry.
