Notice of Class Action Lawsuit against Teradata CorporationNotice of Class Action Lawsuit against Teradata Corporation The Gross Law Firm is notifying shareholders of Teradata Corporation (NYSE: TDC) of a potential class action lawsuit alleging that the company made misleading statements and failed to disclose material information during the period from February 13, 2023, to February 12, 2024. Allegations The lawsuit alleges that Teradata overstated its ability to close customer transactions under its expanded business model and failed to timely close transactions that it had factored into its 2023 annual recurring revenue (ARR) growth outlook. As a result, the company allegedly could not meet its public cloud ARR expectations for the year. Class Period The class period encompasses shareholders who purchased TDC shares between February 13, 2023, and February 12, 2024. Deadline Shareholders must register by August 13, 2024, to participate in the case. Next Steps Shareholders who purchased TDC shares during the class period can register online or by contacting The Gross Law Firm at: * Website: https://securitiesclasslaw.com/securities/teradata-corporation-loss-submission-form/?id=90494&from=3 * Email: [email protected] * Phone: (646) 453-8903 About The Gross Law Firm The Gross Law Firm is a nationally recognized class action law firm that represents investors who have suffered losses due to corporate misconduct. The firm has a proven track record of success in recovering damages for shareholders.
NEW YORK, July 15, 2024 (GLOBE NEWSWIRE) — The Gross Law Firm is issuing the following notice to shareholders of Teradata Corporation (NYSE: TDC).
Shareholders who purchased TDC shares during the applicable class period are encouraged to contact the firm regarding the potential appointment of lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.
CONTACT US HERE:
Teradata Corporation Loss Submission Form
CLASS PERIOD: February 13, 2023 to February 12, 2024
ACCUSATIONS: The complaint alleges that throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (i) under Teradata’s expanded business model, which involved involvement with additional customer business units and decision makers, transactions with the company’s customers took longer to close; (ii) Teradata thereby overstated its ability to close customer transactions in targeted time frames under its expanded business model; (iii) Teradata failed to timely close several customer transactions that it had factored into its 2023 annual recurring revenue (ARR) growth outlook; (iv) as a result, the company would likely be unable to meet its full year 2023 public cloud ARR expectations; and (v) as a result, the company’s public statements were materially false and misleading at all relevant times.
DEADLINE: August 13, 2024 Shareholders should not hesitate to register for this class action. Please register your information here: https://securitiesclasslaw.com/securities/teradata-corporation-loss-submission-form/?id=90494&from=3
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased TDC stock during the timeframe noted above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to attempt to become a lead plaintiff is August 13, 2024. There is no cost or obligation for you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm whose mission is to protect the rights of all investors who have suffered losses as a result of deception, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks to recover damages on behalf of investors who have suffered losses when a company’s false and/or misleading statements or omissions of material information resulted in artificial inflation of the company’s stock. Attorney Advertisement. Past results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th Floor
New York, NY, 10018
Email address: [email protected]
Phone: (646) 453-8903
