Glancy Binkow & Goldberg LLP Announces Investigation of Tech Data Corporation

  Glancy Binkow & Goldberg LLP Announces Investigation of Tech Data
  Corporation

Business Wire

LOS ANGELES -- March 27, 2013

Glancy Binkow & Goldberg LLP announces that it is investigating potential
claims on behalf of investors of Tech Data Corporation (“Tech Data” or the
“Company”) (NASDAQ:TECD) concerning possible violations of federal securities
laws. The investigation focuses on allegations that certain statements issued
by Tech Data regarding the Company’s financial performance were false and
misleading.

Tech Data engages in the wholesale distribution of technology products in
North America, South America, Europe, the Middle East and Africa. The
investigation is related to the Company’s March 21, 2013 announcement that it
will restate certain of its financial results for its 2011, 2012 and 2013
fiscal years. The Company said investors should no longer rely on the
financial data reported relating to these periods. The restatement will reduce
previously reported consolidated operating income by approximately $30-40
million, and consolidated net income by about $25-33 million. According to the
Company, “the restatement will be made to correct improprieties related to how
the Company’s U.K. subsidiary reflected vendor accounting.” In addition, the
Company will likely seek a 15-day filing extension for its Annual Report on
Form 10-K for the fiscal year ended January 31, 2013.

If you purchased Tech Data shares, if you have information or would like to
learn more about these claims, or if you wish to discuss these matters or have
any questions concerning this announcement or your rights or interests with
respect to these matters, please contact Michael Goldberg, Esquire, of Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224,
by e-mail to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contact:

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
(310) 201-9150 or (888) 773-9224
shareholders@glancylaw.com
www.glancylaw.com
 
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