Investigation announced for Long-Term Investors in Teradata Corporation (NYSE: TDC) over possible Wrongdoing

An investigation on behalf of current long-term investors in shares of Teradata Corporation (NYSE: TDC) concerning potential breaches of fiduciary duties by certain directors and officers of Teradata Corporation was announced.

Investors who are current long term investors in Teradata Corporation (NYSE: TDC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: TDC stocks follows a lawsuit filed against Teradata Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: TDC stocks, concerns whether certain Teradata directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of California the plaintiff alleges that, 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.

This release was published on openPR.