Home / Street Sector / Hortonworks, Inc (HDP) Faces Federal Securities Laws Breach Examination

Hortonworks, Inc (HDP) Faces Federal Securities Laws Breach Examination

Law Office of Brodsky & Smith, LLC declared on Saturday that an examination of Hortonworks Inc (NASDAQ:HDP) for possible breach of federal securities laws and breaches of the Hortonworks Board’s fiduciary duties, according to Brodsky & Smith, LLC.

The examination concerns securities class action court case commenced in the U.s.District Court for the Northern District of California. The complaint alleges that: Defendants made false and misleading statements comprising that the Firm had sufficient cash and cash equivalents to fund 12 months of working capital and capital expenditure needs; (2) Hortonworks in actuality lacked the necessary cash to meet those expenditure requirements over that period of time; (3)  Defendants were contemplating a important offering to fund its operations; (4) as a result, the Defendants public statements were materially false and misleading at all relevant times. Following the disclosure of these facts, shares of Hortonworks stock declined importantly.

If you purchased shares of Hortonworks among November 4, 2015 and January 15, 2016, and wish to discuss the examination, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC by April 29, 2016, who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, by visiting http://brodsky-smith.com/1057-hdp-hortonworks-inc.html, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders all through the nation in securities and class action court cases. The attorneys at Brodsky & Smith have been designated by numerous courts all through the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders.

Attorney advertising. Previous results do not guarantee a same outcome.

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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