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Teradata Corporation

Corporate Governance / Derivative

  • Date:
  • 5/7/2025
  • Company Name:
  • Teradata Corporation
  • Stock Symbol:
  • TDC
  • Class Period:
  • FROM 2/13/2023 TO 2/12/2024
  • Status:
  • Filed
  • Filing Date:
  • 6/14/2024
  • Court:
  • U.S. District Court: District of Southern California

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Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Teradata Corporation (NYSE: TDC) on behalf of long-term stockholders following a class action complaint that was filed against Teradata on June 14, 2024 with a Class Period from February 13, 2023 to February 12, 2024. Our investigation concerns whether the board of directors of Teradata have breached their fiduciary duties to the company.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) under Teradata’s expanded business model, which involved engagement with additional customer business units and decisionmakers, transactions with the Company’s customers took longer to finalize; (ii) Teradata thus overstated its ability to close customer transactions within their intended timeframes under its expanded business model; (iii) Teradata failed to timely close several customer transactions that it had factored into its outlook for 2023 ARR growth; (iv) as a result, the Company was unlikely to meet its full year 2023 Total and Public Cloud ARR expectations; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.
 
If you are a long-term stockholder of Teradata, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out the form below. There is no cost or obligation to you.
Contact Instructions
Please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com with any questions about this case.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Teradata Corporation. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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