TDC Investors Get Opportunity to Lead Teradata Corporation Securities Fraud Trial

LOS ANGELES, July 1, 2024 /PRNewswire/ — Law firms Frank R. Cruz informs that investors with significant losses have the opportunity to lead securities fraud Teradata Corporation (“Teradata” or the “Company”) (NYSE: (TDC)

Class period: February 13, 2023 – February 12, 2024
Deadline for lead plaintiff: August 13, 2024

If you are a shareholder who suffered a loss, click here to participate.

Complaint filed claims that throughout the Class Period, Defendants failed to disclose to investors that: (1) under Teradata’s expanded business model, which included working with additional customer business units and decision makers, it took longer to close transactions with the Company’s customers; (2) Teradata therefore overestimated its ability to close customer transactions within the intended timeframes under the expanded business model; (3) Teradata failed to timely close several customer transactions that it included in its 2023 ARR growth forecasts; (4) as a result, the Company was likely to fail to meet its full expectations for total ARR and public cloud ARR in 2023; and (5) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all material times.

You do not need to take any action at this time to become a member of the class action; you may hire counsel of your choice or take no action and remain an absent member of the class action. If you would like to learn more about this class action or have any questions about this announcement or your rights or interests with respect to the pending class action, please contact Frank R. CruzLaw Firm Frank R. Cruz2121 Avenue of Stars, Apartment 800, Century City, California 90067 at 310-914-5007, by e-mail to (email protected)or visit our website at www.frankcruzlaw.com. If you wish to send an inquiry by e-mail, please provide your mailing address, telephone number and the number of shares purchased.

This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.

Communication
Law Firms Frank R. Cruz, Los Angeles
Frank R. Cruz310-914-5007
(email protected)
www.frankcruzlaw.com

SOURCE Law firm Frank R. Cruz, Los Angeles