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Hortonworks, Inc. (HDP)

NASDAQ:HDP

Summary

Faruqi & Faruqi, LLP Announces Filing of a Class Action Lawsuit Against Hortonworks, Inc.

Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Northern District of California, case No. 18-cv-06923, on behalf of shareholders of Hortonworks, Inc. (“Hortonworks” or the “Company”) (NASDAQ: HDP) who have been harmed by Hortonworks’ and its board of directors’ (the “Board”) alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with  the proposed merger of the Company with Cloudera, Inc. (“Cloudera”).

On October 3, 2018, the Board caused the Company to enter into an Agreement and Plan of Merger (“Proposed Transaction”) under which each outstanding share of Hortonworks common stock will be exchanged for 1.305 shares of Cloudera common stock (the “Merger Consideration”). The shareholder vote on the Proposed Transaction is expected to occur on December 28, 2018.

The complaint alleges that the Form S-4 Registration Statement (the “S-4”) filed with the Securities and Exchange Commission (“SEC”) on November 5, 2018, violates Sections 14(a) and 20(a) of the Exchange Act because it provides materially incomplete and misleading information about the Company and the Proposed Transaction, including information concerning the Company’s financial projections and analysis, on which the Board relied to recommend the Proposed Transaction as fair to Hortonworks shareholders.

If you wish to obtain information concerning this action, you can do so by filling out the form below.

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Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.

  • Company:
    Hortonworks, Inc. (HDP)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Nadeem Faruqi
James M. Wilson, Jr.
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 12/05/2018

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