LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Hortonworks, Inc. (“Hortonworks” or the “Company”) (Nasdaq: HDP). Investors who purchased or otherwise acquired shares between November 4, 2015 and January 15, 2016, (the “Class Period”), are encouraged to contact the firm in advance of the April 29, 2016, lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise 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 without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
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.
According to the complaint, the Company (1) misrepresented that it had adequate cash and cash equivalents to fund a year of working capital and capital expenditure needs; and (ii) failed to disclose that Hortonworks in actuality lacked sufficient cash to meet those working capital and capital expenditure requirements.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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