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