Class Action Lawsuit Filed Against Manhattan Associates: A Detailed Analysis
New York, NY – In a significant development for investors, Bronstein, Gewirtz & Grossman, LLC, a leading national law firm, announced on March 12, 2025, the filing of a class action lawsuit against Manhattan Associates, Inc. (Manhattan Associates or the Company) (NASDAQ: MANH) and certain of its officers. The complaint alleges that the Company and its executives violated the Securities Exchange Act of 1934 by making false and misleading statements regarding Manhattan Associates’ business, operations, and financial condition.
Manhattan Associates: Overview
Manhattan Associates, headquartered in Atlanta, Georgia, is a leading provider of supply chain and omnichannel commerce solutions. The Company’s software helps businesses manage and optimize their inventory, supply chain, and customer engagements. Manhattan Associates’ offerings are used by over 2,500 customers worldwide, including many Fortune 500 companies.
The Class Action Lawsuit
The class action lawsuit, filed in the United States District Court for the Southern District of New York, alleges that Manhattan Associates and its officers made false and misleading statements regarding the Company’s business, operations, and financial condition from at least January 2021 through December 2024. Specifically, the complaint accuses the defendants of:
- Underreporting the Company’s revenue growth
- Failing to disclose significant challenges related to the implementation of new software offerings
- Misrepresenting the Company’s financial condition and growth prospects
As a result of these alleged misrepresentations, Manhattan Associates’ stock traded at artificially inflated prices, causing investors to suffer significant losses. The lawsuit seeks to recover damages for investors who purchased Manhattan Associates securities during the Class Period.
Impact on Individual Investors
For individual investors who purchased Manhattan Associates securities during the Class Period, the lawsuit could mean potential financial recovery. If the allegations are proven true, investors may be eligible to receive damages. It is important to note that past performance does not guarantee future results, and each case is unique. Investors are encouraged to contact Bronstein, Gewirtz & Grossman, LLC for a free consultation to discuss their potential recovery.
Global Implications
The class action lawsuit against Manhattan Associates could have far-reaching implications for the technology industry and the investment community as a whole. The allegations, if proven true, could damage the reputation of Manhattan Associates and potentially lead to increased scrutiny of other technology companies. Moreover, the lawsuit could influence investor confidence in the technology sector and impact stock prices.
Conclusion
The filing of a class action lawsuit against Manhattan Associates is a significant development for investors. The allegations of misrepresentation and false statements could result in potential financial recovery for those who purchased Manhattan Associates securities during the Class Period. The lawsuit’s implications extend beyond Manhattan Associates, potentially impacting investor confidence in the technology sector and leading to increased scrutiny of other companies. As the case progresses, it is crucial for investors to stay informed and seek professional advice.
Bronstein, Gewirtz & Grossman, LLC is a leading national law firm representing investors in securities fraud, antitrust, and consumer protection class actions. If you would like to discuss this class action or have questions about your rights and interests, please visit [email protected] or call (212) 697-6025. The law firm offers a free consultation.
