TERADATA SHAREHOLDER WARNING FROM FORMER LOUISIANA ATTORNEY

NEW ORLEANS, July 16, 2024 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., remind investors that they have until 13 August 2024 to file lead plaintiff motions in a class action lawsuit against Teradata Corporation (the “Company”) (NYSE: TDC) if they purchased or otherwise acquired the Company’s stock between February 13, 2023 and February 12, 2024, inclusive (the “Class Period”). This action is pending in the U.S. District Court for the Southern District of California.

What you can do

If you purchased Teradata stock and would like to discuss your legal rights, how this case affects you and your right to recover your economic loss, you may contact Lewis Kahn, Managing Partner at KSF, at no obligation and free of charge, at 1-877-515-1850 or via email ([email protected]) or visit https://www.ksfcounsel.com/cases/nyse-tdc/ to learn more. If you wish to serve as lead plaintiff in this class action, you must move the Court by 13 August 2024.

About the lawsuit

Teradata and certain of its executives are accused of failing to disclose material information during the Class Period in violation of federal securities laws. The alleged false and misleading statements and omissions include, among others, that (i) as part of its expanded business model, which involved working with additional customer business units and decision makers, transactions with the Company’s customers took longer to complete; (ii) the Company thus overstated its ability to complete customer transactions within the anticipated timelines as part of its expanded business model; (iii) the Company failed to timely complete several customer transactions that it had included in its 2023 annual recurring revenue (“ARR”) growth forecast; (iv) as a result, the Company is unlikely to meet its expectations for full-year 2023 total and public cloud ARR; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

The case is Ostrander v. Teradata Corporation et al., No. 24-cv-01034.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading boutique securities litigation firms. KSF serves a wide range of clients – including public institutional investors, hedge funds, asset managers and individual investors – in recovering investment losses resulting from corporate fraud or abuse of authority by publicly traded companies. KSF maintains offices in New York, Delaware, California, Louisiana and New Jersey.

To learn more about KSF, visit www.ksfcounsel.com.

Contact:

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163