Kahn Swick & Foti Opens Investigation Into Manhattan Associates Officers and Directors

Kahn Swick & Foti, LLC has commenced an investigation into Manhattan Associates, Inc. over a securities fraud class action complaint alleging the company gave investors false guidance on fiscal 2025 revenue and professional services, PR Newswire announced on November 13, 2026. The firm is examining whether Manhattan's officers or directors breached their fiduciary duties to shareholders.

What the Manhattan Associates Complaint Alleges

The complaint alleges Manhattan provided investors with information about expected revenue for fiscal year 2025, including 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 officers, made these positive statements while disseminating materially false and misleading statements or concealing material adverse facts about its true ability to forecast professional services revenue. The complaint alleges the company either was not equipped to deliver "responsible targets" for growth or that its services business was not equipped to achieve them.

Kahn Swick & Foti is a boutique securities litigation firm whose partners include former Louisiana Attorney General Charles C. Foti, Jr., according to the announcement. The firm states that it was ranked by SCAS among the top 10 firms nationally based upon total settlement value this past year. The investigation follows the firm's November 11, 2026 announcement that it is investigating the proposed sale of Priority Technology Holdings to an investor group led by CEO Thomas Priore, under which shareholders would receive $8.05 in cash per share, to determine if the consideration and process are adequate, PR Newswire reported.

Manhattan Associates' Revenue and Guidance

Manhattan Associates is a public, Atlanta-based enterprise software company that provides cloud-native warehouse, transportation, order management, and point-of-sale solutions on its Manhattan Active Platform, according to akta.pro company records. The same records show FY2025 revenue of $1.08 billion and FY2026 revenue guidance of $1.147-$1.157 billion. Q1 2026 revenue was $282.2 million. In June 2026, the company announced a workforce reduction of approximately 6% of global headcount, expected to generate $7-9 million in Q2 2026 restructuring charges, with savings redirected to sales and marketing investment to accelerate cloud growth.

Earlier Investigations Into Manhattan Associates

Halper Sadeh LLC is investigating whether Manhattan Associates officers and directors breached fiduciary duties to shareholders, PR Newswire reported on November 12, 2026. The firm offers contingent-fee representation to long-term shareholders seeking corporate governance reforms or financial relief. Kahn Swick & Foti had initiated an investigation into Manhattan Associates over the same securities fraud class action alleging false guidance on fiscal 2025 revenue, FinancialContent Business Page reported on November 3, 2026.

Manhattan Associates' Board Appointment

Manhattan Associates elected Juan Perez to its Board of Directors, effective January 28, 2027, TradingView reported on October 27, 2026. Perez is a former EVP and CIO at Salesforce and previously held senior roles at UPS.