SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Teradata Corporation (TDC)
NEW YORK, Aug. 7, 2017 /PRNewswire/ -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Teradata Corporation ("Teradata" or the "Company") (NYSE: TDC). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/tdc.
The investigation concerns whether Teradata and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 4, 2017, Teradata revealed that it had found "questionable expenditures for travel, gifts and other expenses" at a Teradata subsidiary conducting business in Turkey. The Company advised investors that it "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. In 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." Following this news, Teradata stock dropped $0.31 per share, or 0.96%, to close at $31.91 on August 4, 2017 continued to drop as much as $0.20 per share, or 0.63%, during intraday trading on August 7, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Teradata, you can assist this investigation by visiting the firm's site: www.bgandg.com/tdc. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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