TDC COURT DEADLINE: Only 3-Days Remain Before Teradata Corp. Securities Fraud Class Action Deadline; If You Suffered Losses Contact BFA Law (NYSE:TDC)

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 health, and revenue growth prospects between February 13, 2023, and February 12, 2024 [1][2]. 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 prospects [2]. - Investors reportedly began to learn the truth on December 7, 2023, when Teradata disclosed that certain large deals could be delayed, causing the stock price to drop by $2.89 per share, or 6%, closing at $43.40 per share [3]. - 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 per share on February 13, 2024 [3]. Group 2: Legal Representation and Firm Background - Bleichmar Fonti & Auld LLP is representing investors in the class action lawsuit and encourages those who lost money on their Teradata investment to submit their information to explore their rights [4]. - The firm operates on a contingency fee basis, meaning shareholders are not responsible for any court costs or litigation expenses [5]. - Bleichmar Fonti & Auld LLP is recognized as a leading international law firm in securities class actions, having achieved notable recoveries in past cases, including over $900 million from Tesla, Inc. and $420 million from Teva Pharmaceutical Industries Ltd. [5].