Core Viewpoint - A securities class action lawsuit has been filed against Teradata Corporation for failing to disclose material information during the class period from February 13, 2023, to February 12, 2024, which allegedly misled investors regarding the company's performance and outlook [1][3]. Group 1: Lawsuit Details - The lawsuit, titled Ostrander v. Teradata Corporation, et al., is pending in the United States District Court for the Southern District of California [4]. - Investors who purchased Teradata shares during the class period have until August 13, 2024, to file lead plaintiff applications [1]. - The allegations include that Teradata overstated its ability to close customer transactions and failed to meet its 2023 annual recurring revenue (ARR) expectations due to delays in finalizing transactions [3]. Group 2: Company Information - Teradata Corporation is facing claims that its executives did not disclose critical information that affected the company's stock performance, violating federal securities laws [3]. - The company’s public statements during the class period are claimed to be materially false and misleading, impacting investor decisions [3]. Group 3: ClaimsFiler Services - ClaimsFiler provides a free service to help investors recover funds from securities class action settlements, offering resources for filing claims and legal evaluations [5][6]. - Investors can register for free to access information on various securities class action cases and receive notifications about relevant cases [5].
TERADATA SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Teradata Corporation – TDC