Press release
Deadline on August 13th coming up in Lawsuit for Investors in shares of Teradata Corporation (NYSE: TDC)
A Deadline is coming up on August 13, 2024 in the lawsuit for certain investors in Teradata Corporation (NYSE: TDC).
Investors who purchased shares of Teradata Corporation (NYSE: TDC) have certain options and there are strict and short deadlines running. Deadline: August 13, 2024. NYSE: TDC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of California the plaintiff alleges on behalf of purchasers of Teradata Corporation (NYSE: TDC) common shares between February 13, 2023 and February 12, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 13, 2023 and February 12, 2024, the defendants made false and/or misleading statements and/or failed to disclose that under Teradata's expanded business model, which involved engagement with additional customer business units and decisionmakers, transactions with the Company's customers took longer to finalize, that Teradata Corporation thus overstated its ability to close customer transactions within their intended timeframes under its expanded business model, that Teradata Corporation failed to timely close several customer transactions that it had factored into its outlook for 2023 ARR growth, that as a result, the Company was unlikely to meet its full year 2023 Total and Public Cloud ARR expectations, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Teradata Corporation (NYSE: TDC) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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