TERADATA (NYSE:TDC) FRAUD ALERT: Teradata Corp. Sued for Securities Fraud, Investors who Lost Money are Reminded to Contact BFA Law About the Lawsuit

Core Viewpoint - Teradata is facing a securities class action lawsuit alleging that the company and its executives made materially false and misleading statements regarding its business model, pipeline health, and revenue growth prospects [7]. Group 1: Allegations and Impact - The lawsuit claims that Teradata's expanded business model led to significant delays in closing large customer transactions, resulting in an overstatement of the company's pipeline health and revenue growth potential [1][7]. - Investors reportedly began to realize the issues when Teradata disclosed on December 7, 2023, that certain large deals could be delayed, causing the stock price to drop by $2.89 per share, or 6%, closing at $43.40 [8]. - On February 12, 2024, Teradata announced that "deal timing issues" led to missing its previously issued Annual Recurring Revenue (ARR) guidance, resulting in a further decline of $10.57 per share, or 22%, closing at $38.22 [8]. Group 2: Legal Proceedings - The law firm Bleichmar Fonti & Auld LLP is leading the class action lawsuit, with a deadline for investors to submit their information set for August 13, 2024 [6]. - The representation in the lawsuit is on a contingency fee basis, meaning shareholders will not incur any court costs or litigation expenses [3].