Teradata Corporation

Rhea-AI Summary

The Schall Law Firm has announced a class action lawsuit against Teradata (NYSE:TDC) for alleged violations of securities laws. The lawsuit covers investors who purchased Teradata securities between February 13, 2023, and February 12, 2024. The firm claims that Teradata made false and misleading statements about its expanded business model and ability to close customer deals timely. Investors are encouraged to contact the firm before August 13, 2024, to discuss their rights. The class has not yet been certified, and affected shareholders can choose to participate or remain absent class members. The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation.

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Negative

• Class action lawsuit filed against Teradata for alleged securities law violations
• Accusations of false and misleading statements about the company's business model and deal closure abilities
• Potential financial damages for investors who purchased TDC stock during the specified period

Insights

Legal Expert

This class action lawsuit against Teradata is a significant development for investors. The allegations of false and misleading statements regarding the company's business model and ability to close deals are serious concerns. If proven, these claims could have substantial financial implications for Teradata.

Investors should be aware that class action lawsuits can be lengthy processes with uncertain outcomes. However, they provide a mechanism for potentially recovering losses if the allegations are substantiated. The August 13, 2024 deadline for joining the case is important for affected shareholders to consider.

It's important to note that the class has not yet been certified, which is a key step in the legal process. Potential claimants should carefully evaluate their position and consider seeking independent legal advice to understand their rights and options.

Financial Analyst

The allegations against Teradata raise serious questions about the company's financial reporting and business practices. If true, the extended time to finalize customer transactions could significantly impact revenue recognition and cash flow projections.

Investors should scrutinize Teradata's financial statements, particularly focusing on revenue growth rates, accounts receivable turnover and any changes in revenue recognition policies. The potential overstatement of deal closure capabilities might have led to inflated expectations and misguided investor decisions.

This lawsuit could lead to increased volatility in Teradata's stock price and potential reputational damage. Long-term investors should reassess their positions, considering both the litigation risk and the underlying business fundamentals. Short-term traders might see increased opportunities due to heightened market reactions to news related to this case.

LOS ANGELES, CA / ACCESSWIRE / August 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Teradata Corporation ("Teradata" or "the Company") (NYSE:TDC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between February 13, 2023 and February 12, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before August 13, 2024.

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

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Teradata's expanded business model caused customer transactions longer to finalize. The Company overstated its ability to close customer deals in a timely manner. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Teradata, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

SOURCE: The Schall Law Firm

View the original press release on accesswire.com

FAQ

What is the class action lawsuit against Teradata (TDC) about?

The lawsuit alleges that Teradata violated securities laws by making false and misleading statements about its expanded business model and ability to close customer deals in a timely manner between February 13, 2023, and February 12, 2024.

When is the deadline for Teradata (TDC) investors to join the class action lawsuit?

Investors who purchased Teradata securities during the specified period are encouraged to contact the Schall Law Firm before August 13, 2024, to discuss their rights and potentially join the lawsuit.

What are the specific allegations against Teradata (TDC) in the class action lawsuit?

The lawsuit alleges that Teradata overstated its ability to close customer deals quickly, and that its expanded business model caused customer transactions to take longer to finalize, leading to false and materially misleading public statements.

How can affected Teradata (TDC) shareholders participate in the class action lawsuit?

Affected shareholders can contact the Schall Law Firm to discuss their rights and potentially join the case. They can reach out via phone, email, or through the firm's website.