Bronstein, Gewirtz & Grossman, LLC Files Class Action Lawsuit Against Manhattan Associates, Inc.
On March 20, 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 was filed in the United States District Court for the Southern District of New York and alleges violations of the federal securities laws.
Class Definition
The lawsuit seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired Manhattan Associates securities during the period from October 22, 2024, to January 28, 2025 (the “Class Period”). The complaint alleges that the defendants made false and misleading statements and failed to disclose material information to investors.
Allegations
According to the complaint, Manhattan Associates and its officers made false and misleading statements regarding the Company’s business, operational and financial metrics. Specifically, the complaint alleges that the defendants misrepresented the Company’s revenue growth, customer retention, and market position. These allegedly false statements artificially inflated the price of Manhattan Associates securities during the Class Period.
Effect on Individual Investors
If you purchased Manhattan Associates securities during the Class Period, you may be eligible to participate in this class action lawsuit. The lawsuit aims to recover damages for investors who have suffered losses as a result of the defendants’ alleged securities law violations. If the lawsuit is successful, you may be entitled to a share of the damages recovered.
Effect on the World
The filing of this class action lawsuit against Manhattan Associates could have far-reaching implications. It sends a strong message to publicly traded companies and their executives that they will be held accountable for providing accurate and truthful information to investors. The lawsuit could also lead to increased scrutiny of Manhattan Associates’ business practices and financial reporting.
Conclusion
The filing of this class action lawsuit against Manhattan Associates, Inc. and certain of its officers is a significant development for investors who purchased the Company’s securities during the Class Period. The lawsuit alleges that the defendants made false and misleading statements, artificially inflating the price of Manhattan Associates securities. If the lawsuit is successful, investors may be entitled to a share of the damages recovered. The lawsuit could also have broader implications, as it sends a strong message to publicly traded companies and their executives about the importance of providing accurate and truthful information to investors.
- Bronstein, Gewirtz & Grossman, LLC files class action lawsuit against Manhattan Associates, Inc.
- Allegations of securities law violations during the Class Period.
- Lawsuit seeks to recover damages for investors.
- Implications for individual investors and the business world.
