NEW YORK, Aug. 7, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Teradata Corporation ("Teradata" or the "Company") (NYSE: TDC). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Teradata and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 4, 2017, Teradata 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. 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."
On this news, Teradata's share price fell $0.31, or 0.96%, to close at $31.91 on August 4, 2017. Teradata's share price has fallen as much as $0.20, or 0.63%, during intraday trading on August 7, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
SOURCE Pomerantz LLP