Investors in MANH have chance to take lead in Manhattan Associates securities fraud case

Manhattan Associates investors could take the lead in a securities fraud lawsuit with the assistance of Faruqi & Faruqi, LLP. The law firm is investigating potential claims on behalf of shareholders who acquired Manhattan Associates securities between March 3, 2020, and October 19, 2021. The investigation focuses on whether Manhattan Associates and its executives made false or misleading statements regarding the Company’s business, operational, and compliance policies.

During the stated period, Manhattan Associates reported strong financial results, leading to a significant increase in its stock price. However, on October 21, 2021, the Company revealed that it had received a subpoena from the U.S. Securities and Exchange Commission (SEC) requesting documents related to its revenue recognition practices. This news caused Manhattan Associates’ stock price to plummet by over 30%.

The subpoena from the SEC indicates that there may have been inaccuracies in Manhattan Associates’ financial reporting. Investors who suffered losses due to this drop in stock price may have a valid claim for securities fraud. Faruqi & Faruqi, LLP is prepared to assist investors in pursuing their legal rights and holding Manhattan Associates accountable for any potential wrongdoing.

Investors who wish to participate in the investigation and potential lawsuit should contact Faruqi & Faruqi, LLP. The law firm specializes in complex litigation, including securities fraud cases. By working with experienced attorneys, investors can seek to recover losses incurred as a result of alleged misrepresentations by Manhattan Associates.

Faruqi & Faruqi, LLP is dedicated to protecting the rights of investors and ensuring that companies are held accountable for any fraudulent or deceptive practices. The law firm has a track record of success in securities litigation and is committed to seeking justice on behalf of shareholders who have been harmed by misleading statements or omissions.

If you are an investor in Manhattan Associates and have experienced financial losses as a result of the recent stock price decline, you may have a legal claim. Contact Faruqi & Faruqi, LLP to learn more about your rights and options for pursuing compensation. With the assistance of experienced securities fraud attorneys, you can seek to recover your losses and hold Manhattan Associates responsible for any misconduct.