TDC - TERADATA COURT DEADLINE NOTICE: Teradata Corp. (NYSE:TDC) Investors Who Lost Money When Stock Plunged are Urged to Contact BFA Law before August Filing Deadline | Benzinga

NEW YORK, June 20, 2024 (GLOBE NEWSWIRE) -- Leading law firm Bleichmar Fonti & Auld LLP announces the upcoming August 13, 2024 deadline in the Teradata Corp. (NYSE:TDC) securities class action lawsuit. If you invested in Teradata, you are encouraged to submit your information at https://www.bfalaw.com/cases/teradata-corp-investigation.

Why is Teradata being Sued?

On June 16, 2024, Teradata was sued for violations of the federal securities laws. The complaint alleges that between February 13, 2023 and February 12, 2024, Teradata and certain of its senior executives made materially false and misleading statements related to: (a) the success of the company's recently expanded business model to market products to customers beyond their IT units; (b) the robustness of the company's pipeline and ability to timely close deals; and (c) the company's revenue growth prospects.

The complaint further alleges that, in reality, Teradata's expanded business ...

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