Manhattan Associates (MANH) Faces Securities Class Action After $4 Billion of Shareholder Value Was Erased – Hagens Berman
Portfolio Pulse from
Manhattan Associates (MANH) is facing a securities class action lawsuit after $4 billion in shareholder value was erased. The lawsuit represents investors who acquired MANH securities between October 22, 2024, and January 28, 2025.
March 03, 2025 | 9:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Manhattan Associates is facing a class action lawsuit due to a significant loss in shareholder value, which could impact its stock price negatively in the short term.
The class action lawsuit against MANH is a significant legal issue that directly affects the company and its investors. The loss of $4 billion in shareholder value is substantial, and the legal proceedings could lead to further financial and reputational damage, likely causing a negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100