Top Law Firm Bleichmar Fonti & Auld LLP Announces Deadline in Teradata Corp. Securities Class Action Lawsuit

Bleichmar Fonti & Auld LLP, a top law firm, has announced the upcoming deadline in the securities class action lawsuit against Teradata Corp. Investors who have invested in Teradata are encouraged to submit their information before the August 13, 2024 deadline.

The lawsuit against Teradata alleges that the company and certain senior executives made false and misleading statements about the success of their expanded business model, the robustness of their pipeline, and revenue growth prospects. It is claimed that these statements caused delays in closing large customer transactions, leading to an overstatement of the company’s health and revenue growth prospects.

Investors began to learn the truth when Teradata revealed on December 7, 2023, that certain large deals could be delayed. This news caused the price of Teradata stock to decline. On February 12, 2024, Teradata announced that “deal timing issues” caused them to miss their previously issued guidance, leading to another decline in stock price.

Investors who lost money on their Teradata investment are encouraged to submit their information to learn about their rights. The law firm is offering representation on a contingency fee basis, meaning there is no cost to shareholders. Shareholders will not be responsible for any court costs or expenses of litigation.

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. The firm has a track record of successful recoveries for investors and has been recognized for its achievements in the legal industry.

For more information about the Teradata Corp. investigation and how to submit your information, visit the firm’s website. Remember, past results do not guarantee future outcomes, but seeking legal advice can help protect your rights as an investor.