TDC STOCK NEWS: BFA Law Alerts Teradata Corp. (NYSE:TDC) Shareholders of Upcoming Deadline in Securities Fraud Case and Notifies Those that Suffered Losses to Contact the Firm

Core Viewpoint - Teradata Corp. is facing a securities class action lawsuit due to allegations of making materially false and misleading statements regarding its business model, pipeline robustness, and revenue growth prospects between February 13, 2023, and February 12, 2024 [4]. Group 1: Lawsuit Details - The lawsuit was filed on June 16, 2024, claiming violations of federal securities laws [4]. - Allegations include 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 prospects [4]. - Investors reportedly began to learn the truth about the company's situation on December 7, 2023, when Teradata disclosed potential delays in large deals, causing a stock price decline of $2.89 per share, or 6%, to close at $43.40 [5]. Group 2: Stock Price Impact - Following the announcement of "deal timing issues" on February 12, 2024, Teradata's stock price fell by $10.57 per share, or 22%, closing at $38.22 on February 13, 2024 [5]. Group 3: Legal Representation - Bleichmar Fonti & Auld LLP is representing investors in this case, operating on a contingency fee basis, meaning shareholders are not responsible for court costs or litigation expenses [8]. - The firm has a strong track record, having recovered over $900 million from Tesla's Board of Directors and $420 million from Teva Pharmaceutical Industries [9].