NEW YORK, Aug. 9, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at Teradata Corporation ("Teradata" or the "Company") (NYSE: TDC).
The investigation focuses on whether the Company's Board of Directors and/or its officers committed mismanagement and/or breached their fiduciary duties. On August 4, 2017, Teradata filed a quarterly report on Form 10-Q with the Securities and Exchange Commission ("SEC") disclosing that "[t]he Company, through internal processes, discovered certain questionable expenditures for travel, gifts and other expenses at one of its international subsidiaries doing business in a single foreign country, Turkey. Teradata 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. Teradata has periodically updated the government regarding the status of the Company's internal investigation and findings, including remedial actions and terminations, and plans to continue to cooperate fully."
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If you currently own Teradata stock and have continuously owned Teradata stock and would like to discuss your legal rights, please visit www.faruqilaw.com/TDC. You can also contact us by calling Nina Varindani or Stuart Guber toll free at (212) 983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Teradata's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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