LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Teradata Corporation (“Teradata” or the “Company”) (NYSE: TDC) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or by email at firstname.lastname@example.org.
On August 4, 2017, Teradata disclosed that it discovered “questionable expenditures for travel, gifts and other expenses” at a subsidiary conducting business in Turkey. The Company advised investors that it initiated an internal investigation, with the assistance of outside counsel and forensic accountants, to determine whether the expenditures may have violated the U.S. Foreign Corrupt Practices Act or other potentially applicable anti-corruption laws. In late February 2017, the Company voluntarily contacted the U.S. Securities & Exchange Commission and the U.S. Department of Justice to alert them to the relevant events and the Company's internal investigation. Upon release of this information, shares of Teradata fell in value.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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