STEVENSON, Md., Sept. 28, 2017 -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Middle District of Florida on behalf of purchasers of Tech Data Corporation (Nasdaq:TECD) (“Tech Data” or the “Company”) securities during the period between June 1, 2017 and August 31, 2017, inclusive (the “Class Period”). Investors who wish to become proactively involved in the litigation have until November 24, 2017 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in Tech Data securities during the Class Period. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that the Company was experiencing execution and operational issues which were impacting the Company’s financial performance.
According to the complaint, following an August 31, 2017 press release announcing poor financial and operating results for the second quarter of 2017 due to operational and execution issues, the value of Tech Data shares declined significantly.
If you have suffered a loss in excess of $100,000 from investment in Tech Data securities purchased on or after June 1, 2017 and held through the revelation of negative information during and/or at the end of the Class Period and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html. You may also request more information by contacting Brower Piven either by email at [email protected] or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
[email protected]


Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave
Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit
Rio Tinto's California Boron Assets Attract Over a Dozen Bidders, Valued at Up to $2 Billion
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs
Pershing Square Bids €30.40 Per Share to Acquire Universal Music Group in $9.4B Deal
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market
FedEx Pilots and Union Reach Tentative Agreement on 40% Pay Increase
Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG
MATCH Act: How New U.S. Chip Legislation Could Freeze China's Semiconductor Ambitions
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts
NIO ES9 SUV Launch Sends HK Shares Down 7% Despite Bold Pricing Strategy
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 



