TDC Class Action Alert: Robbins LLP Reminds Stockholders of the Lead Plaintiff Deadline in the Class Action Against Teradata Corporation

Core Viewpoint - A class action has been filed against Teradata Corporation for allegedly misleading investors about its business prospects during the period from February 13, 2023, to February 12, 2024 [1][4]. Group 1: Class Action Details - Shareholders who purchased Teradata securities during the specified period may be eligible to participate in the class action [2]. - The deadline for shareholders to file motions to serve as lead plaintiff is August 13, 2024 [2]. Group 2: Allegations Against Teradata - The complaint alleges that Teradata failed to disclose that its expanded business model led to longer transaction finalization times with customers [5]. - It is claimed that Teradata overstated its ability to close customer transactions within intended timeframes and failed to timely close several transactions factored into its 2023 ARR growth outlook [5]. - As a result of these disclosures, Teradata's stock price dropped by $10.57 per share, or 21.66%, closing at $38.22 on February 13, 2024 [5].