Overview

A class action lawsuit has been filed against Manhattan Associates, Inc. (“Manhattan Associates” or the “Company”) and certain of the Company’s current senior executive officers alleging violations of the federal securities laws.  The Company’s common stock traded on the NASDAQ Stock Market under the symbol “MANH.”

The Manhattan Associates class action lawsuit was brought on behalf of all persons and entities who purchased or otherwise acquired Manhattan Associates securities between October 22, 2024, to January 28, 2025, both dates inclusive (the “Class Period”).

Manhattan Associates is a global company that develops, sells, deploys, services, and maintains software solutions for the purpose of assisting in the management of supply chains, inventory, and omnichannel operations for its customers.  The Company offers its “Manhattan Active” applications through the cloud and provides them to customers via its software-as-a-service subscription model (the “Cloud Segment”).  Manhattan Associates also offers assistance in the planning and implementation of such solutions thorough its Professional Services Organization (the “Services Segment”).

The Manhattan Associates class action lawsuit alleges that Defendants, throughout the Class Period, provided investors with material information concerning Manhattan Associates’ expected revenue for the fiscal year 2025.  Defendants’ statements included, among other things, confidence in the Company’s ability to forecast guidance despite macroeconomic fluctuations, the growth potential of their professional services offerings, and the ability for their cloud revenue to drive revenue for its professional services.

Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Manhattan Associates’ forecasting ability for its professional services; notably, the Company was either not truly equipped to deliver “responsible targets” for growth or, otherwise, Manhattan Associates’ services were not equipped to achieve such targets.  Such statements absent these material facts caused Plaintiff and other shareholders to purchase Manhattan Associates’ securities at artificially inflated prices.

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If you purchased or otherwise acquired Manhattan Associates securities between October 22, 2024, to January 28, 2025, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. The deadline to apply to the Court to serve as lead plaintiff in the Manhattan Associates class action lawsuit is April 28, 2025