NEW YORK, July 13, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP announces the upcoming August 13, 2024 deadline in the Teradata Corp. (NYSE:TDC) securities class action lawsuit. Why is Teradata being Sued? Investors allegedly began to learn the truth on December 7, 2023, when Teradata revealed that certain large deals could be delayed. On this news, the price of Teradata stock declined by $2.89 per share, or 6%, to close at $43.40 per share on December 7, 2023. Then, on February 12, 2024 ...

Core Viewpoint - The Gross Law Firm has announced a class action lawsuit against Teradata Corporation, alleging that the company made materially false and misleading statements regarding its business model and financial outlook, which led to artificial inflation of its stock price [4]. Group 1: Allegations - The complaint claims that Teradata's expanded business model resulted in longer transaction finalization times with customers, which was not disclosed [4]. - It is alleged that Teradata overstated its ability to close customer transactions within intended timeframes, impacting its 2023 Annual Recurring Revenue (ARR) growth outlook [4]. - The company reportedly failed to close several customer transactions that were factored into its ARR expectations for 2023, leading to a likelihood of not meeting its public cloud ARR goals [4]. - As a result of these issues, Teradata's public statements were deemed materially false and misleading throughout the relevant period [4]. Group 2: Class Action Details - The class period for the lawsuit is defined as February 13, 2023, to February 12, 2024 [6]. - Shareholders who purchased shares during this period are encouraged to register for the class action and may be eligible for recovery [2][3]. - The deadline for shareholders to seek lead plaintiff status is August 13, 2024, and there is no cost to participate in the case [5].

So what: If you purchased Teradata securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. Details of the case: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) under Teradata's expanded business model, which involved engagement with additional customer business units and decisionmakers, transactions with Teradata's customers took longer to ...

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutica ...

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Teradata Corporation ("Teradata" or the "Company") (NYSE: TDC) of a class action securities lawsuit. https://zlk.com/pslra-1/teradata-corporation-lawsuit-submission-form?prid=89859&wire=3 CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) under Teradata's expanded business model, which involved engagement with additional customer business units and decisionmakers, t ...

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Teradata Corporation (NYSE: TDC). Shareholders who purchased shares of TDC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/teradata-corporation-loss-submission-form/?id=89656&from=3 CLASS PERIOD: February ...

If you invested in Teradata, you are encouraged to submit your information at https://www.bfalaw.com/cases/teradata-corp-investigation. On June 16, 2024, Teradata was sued for violations of the federal securities laws. The complaint alleges that between February 13, 2023 and February 12, 2024, Teradata and certain of its senior executives made materially false and misleading statements related to: (a) the success of the company's recently expanded business model to market products to customers beyond their ...

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Teradata Corporation (NYSE: TDC). Shareholders who purchased shares of TDC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/teradata-corporation-loss-submission-form/?id=88043&from=3 CLASS PERIOD: February ...

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Top law firm Bleichmar Fonti & Auld LLP announces the upcoming August 13, 2024 deadline in the Teradata Corp. (NYSE: TDC) securities class action lawsuit. If you invested in Teradata, you are encouraged to submit your information at https://www.bfalaw.com/cases/teradata-corp-investigation. Why is Teradata being Sued? On June 16, 2024, Teradata was sued for violations of the federal securities laws. The complaint alleges that between February 13, 2023 and February ...

RADNOR, Pa., June 29, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of California against Teradata Corporation ("Teradata") (NYSE: TDC). The action charges Teradata with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As ...