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Home>SHAREHOLDER ALERT: Goldberg Law PC Announces the Filing of a Securities Class Action Lawsuit against Tech Data Corporation

SHAREHOLDER ALERT: Goldberg Law PC Announces the Filing of a Securities Class Action Lawsuit against Tech Data Corporation

SHAREHOLDER ALERT: Goldberg Law PC Announces the Filing of a Securities Class Action Lawsuit against Tech Data Corporation

09/28/2017

SHAREHOLDER ALERT: Goldberg Law PC Announces the Filing of a Securities Class Action Lawsuit against Tech Data Corporation

Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Tech Data Corporation (“Tech Data” or the “Company”) (Nasdaq: TECD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between June 1, 2017 and August 31, 2017, inclusive (the “Class Period”), are encouraged to contact the firm before November 24, 2017, the lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate .

We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at info@goldberglawpc.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Complaint alleges that during the Class Period, Tech Data made false and/or misleading statements, and/or failed to disclose: that it was experiencing execution and operational issues; that these issues were impacting the Company’s financial performance and that it would not achieve its guidance; and 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, CEO Robert Dutkowsky disclosed that the Company was experiencing execution and operational issues that “impacted us in this quarter in a way that was much larger than we anticipated.” Following this news, Tech Data’s stock price dropped materially, which caused investors harm.

Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

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