Faruqi & Faruqi, LLP: Manhattan Associates Securities Investigation and Class Action Lawsuit
Faruqi & Faruqi, LLP, a prominent securities law firm based in New York City, is currently investigating potential claims against Manhattan Associates, Inc. (Manhattan Associates or the Company) following the filing of a federal securities class action against the company. The investigation focuses on certain statements made by Manhattan Associates between October 22, 2024, and January 28, 2025.
Investor Alert: Manhattan Associates Securities Investigation
If you are an investor who purchased or acquired Manhattan Associates securities during the aforementioned period and would like to discuss your legal rights, we encourage you to contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
Background: Manhattan Associates Class Action Lawsuit
The class action lawsuit alleges that Manhattan Associates and certain of its executives made misrepresentations or failed to disclose material information to investors regarding the Company’s financial condition and business prospects. Specifically, the lawsuit alleges that Manhattan Associates failed to disclose adverse business trends, including declining sales and revenue, and insufficient internal controls.
Impact on Individual Investors
If the allegations in the class action lawsuit are proven true, investors who purchased Manhattan Associates securities during the specified period may be able to recover their losses through the class action lawsuit. The lead plaintiff in the case will be responsible for representing the interests of all class members and will be entitled to potential monetary rewards.
- Affected investors should monitor the progress of the class action lawsuit and consider their participation as a lead plaintiff or class member.
- Investors may also wish to consult with a securities attorney to discuss their individual situation and potential recovery options.
Impact on the Wider Market
The Manhattan Associates class action lawsuit could have significant implications for the technology sector and investor confidence in the securities market as a whole. If the allegations are proven true, it could serve as a reminder of the importance of accurate and transparent disclosures by publicly traded companies.
Conclusion
Faruqi & Faruqi, LLP is dedicated to protecting investors’ rights and recovering losses suffered as a result of securities fraud. If you purchased Manhattan Associates securities between October 22, 2024, and January 28, 2025, and believe you may have been impacted by the alleged misrepresentations or omissions, we encourage you to contact our office to discuss your potential recovery options. The deadline to seek the role of lead plaintiff in the class action lawsuit is April 28, 2025.
As a reminder, this information is not intended to provide legal advice and should not be construed as such. If you have any questions or would like to discuss your specific situation, please contact Faruqi & Faruqi directly.
