An investigation for investors in Teradata Corporation (NYSE:TDC) shares over potential securities laws violations by Teradata was announced and NYSE:TDC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/16/2017 -- Teradata Corporation is under investigation over possible violations of securities laws. The investigation was announced for investors in NYSE:TDC shares in connection with certain financial statements made by Teradata Corporation.
Investors who purchased shares of Teradata Corporation (NYSE:TDC), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Teradata regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 4, 2017, Teradata Corporation disclosed that the Company had discovered "questionable expenditures for travel, gifts and other expenses" at a Teradata subsidiary conducting business in Turkey. Teradata advised investors that the Company "promptly initiated an internal investigation into the matter, with the assistance of outside counsel and forensic accountants, to determine whether the expenditures may have violated the U.S. Foreign Corrupt Practices Act ("FCPA") or other potentially applicable anti-corruption laws.I n late February 2017, the Company voluntarily contacted the SEC and the U.S. Department of Justice ("DOJ") to alert them to the relevant events and the Company's internal investigation." Shares of Teradata Corporation (NYSE:TDC) closed on August 15, 2017 at $31.00 per share.
Those who purchased shares of Teradata Corporation have certain options and should contact the Shareholders Foundation.
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