A lawsuit was filed on behalf of investors in Tech Data Corp (NASDAQ:TECD) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 10/16/2017 -- An investor in NASDAQ:TECD shares filed a lawsuit over alleged violations of Federal Securities Laws by Tech Data Corp.
Investors who purchased shares of Tech Data Corp (NASDAQ:TECD) should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The plaintiff claims that between June 1, 2017 and August 31, 2017, that the defendants made false and/or misleading statements and/or failed to disclose that the Company was experiencing execution and operational issues, that these issues were impacting the Company's financial performance, that consequently, the Company would not achieve its guidance, and that therefore the Company's financial statements were materially false and misleading at all relevant times.
On August 31, 2017, during a conference call to discuss results for the second fiscal quarter ended July 31, 2017, Tech Data's CEO, Robert Dutkowsky, disclosed that Tech Data was experiencing execution and operational issues that "impacted us in this quarter in a way that was much larger than we anticipated."
Those who purchased shares of Tech Data Corp (NASDAQ:TECD) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego