Teradata Corporation Class Action Lawsuit - TDC

The filed complaint alleges that Teradata Corporation made materially 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) Terada failed to timely close several customer transactions that it had factored into its outlook for 2023 Annual Recurring Revenue (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.

In order to be eligible to join the TDC class action lawsuit, you must have incurred a loss on shares of Teradata purchased during the class period listed above.

If you suffered a loss in Teradata during the relevant time frame or pursuant to the relevant offering(s), you have until August 13, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.