Manhattan Associates Investigation Initiated: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Manhattan Associates, Inc. - MANH

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Manhattan Associates, Inc. (“Manhattan”) (NasdaqGS: MANH).

Manhattan is a global software company that sells solutions for managing supply chains, inventory, and omnichannel operations, and also provides services to implement, customize, and upgrade its software products. A securities fraud class action complaint filed against the Company alleges that it provided investors with information about its expected revenue for fiscal year 2025, including, among other things, confidence in its ability to set accurate guidance despite macroeconomic fluctuations, the growth potential of its professional services offerings, and the ability of its cloud business to drive professional services revenue. According to the complaint, the Company, through certain of its officers, made these overwhelmingly positive statements while at the same time disseminating materially false and misleading statements and/or concealing material adverse facts about its true ability to forecast professional services revenue. Notably, the complaint alleges that the Company either was not equipped to deliver “responsible targets” for growth or that its services business was not equipped to achieve them.

KSF’s investigation is focusing on whether Manhattan’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Manhattan shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-538-3606 or email KSF Managing Partner Lewis Kahn ([e-mail]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-manh/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.

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To learn more about KSF, you may visit www.ksfcounsel.com.