Tech Data Corporation is an American multinational distribution company specializing in IT products and services.

According to the law firm press release, the Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing execution and operational issues; (2) these issues were impacting the Company’s financial performance; (3) consequently, the Company would not achieve its guidance; and (4) therefore the Company’s financial statements were materially false and misleading at all relevant times.

Defendants filed a Motion to Dismiss the Complaint on December 1, 2017. On December 28, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on February 28, 2018.

On April 27, Defendants filed a Motion to Dismiss the amended Complaint. On December 11, the Court issued an Order granting Defendants' Motion to Dismiss, dismissing the case with prejudice.