Teradata Corporation Sued for Securities Law Violations - Investors Should Contact The Rosen Law Firm Before August 13, 2024 to Discuss Your Rights - TDC

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Teradata Corporation securities between February 13, 2023, and February 12, 2024, due to alleged misleading statements and failure to disclose critical information regarding the company's business model and performance expectations [1][7]. Group 1: Lawsuit Details - The lawsuit claims that Teradata's expanded business model led to longer transaction finalization times, which were not disclosed to investors [8]. - It is alleged that Teradata overstated its ability to close customer transactions within intended timeframes, impacting its outlook for 2023 Total Annual Recurring Revenue (ARR) growth [8]. - The lawsuit asserts that Teradata failed to close several customer transactions that were factored into its 2023 ARR expectations, leading to materially false and misleading public statements [8]. Group 2: Participation Information - Investors who purchased Teradata securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [7]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [2][3].