INVESTOR DEADLINE APPROACHING: Teradata Corporation Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - TDC

Core Viewpoint - Teradata Corporation is facing a class action lawsuit for alleged violations of the Securities Exchange Act of 1934, with claims that the company and its executives made misleading statements regarding its business performance and growth expectations [1][4]. Group 1: Allegations and Impact - The lawsuit alleges that Teradata overstated its ability to finalize customer transactions under its expanded business model, leading to delays and unmet revenue expectations [4]. - On December 7, 2023, Teradata's CFO indicated that a significant deal might be delayed, which contributed to a stock price drop of over 6% [5]. - On February 12, 2024, Teradata reported that its public cloud ARR increased by only 48% and total ARR by 6% for the full year 2023, significantly below prior expectations, resulting in a nearly 22% decline in stock price [6]. Group 2: Legal Process and Participation - Investors who purchased Teradata securities during the specified class period can seek to be appointed as lead plaintiff in the lawsuit, representing the interests of the class [7]. - The lead plaintiff will have the authority to select a law firm for the litigation and does not need to be the lead plaintiff to share in any potential recovery [7]. Group 3: Company Overview - Teradata provides a connected multi-cloud data platform aimed at enterprise analytics, which is central to the allegations in the lawsuit [3].