TDC Investors Get Opportunity to Lead Teradata Corporation Securities Fraud Trial

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

If you wish to serve as lead plaintiff in a Teradata lawsuit, you may submit your contact information at www.glancylaw.com/cases/Teradata-Corporation/. You may also contact Charles H. LinehanGPM at 310-201-9150, toll free at 888-773-9224, or via email at (email protected) to learn more about your rights.

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 relevant times.