On or around 01/14/2019 (Notice of voluntarily dismissal)
Filing Date: November 15, 2018
According to the Complaint, Hortonworks, Inc. provides global data management solutions via open-source platforms, which individual customers can modify and share with others through the Company’s central repository. The Company serves clients throughout the world.
On October 3, 2018, the Company announced the the proposed merger (the “Proposed Transaction”) of Hortonworks and Cloudera, Inc. in a press release.
The Complaint alleges that on November 5, 2018, in order to convince Hortonworks shareholders to vote in favor of the Proposed Transaction, the Board authorized the filing of a materially incomplete and misleading Registration Statement on Form S-4 (the “S-4”) with the Securities and Exchange Commission (“SEC”), in violation of Sections 14(a) and 20(a) of the Exchange Act.
This case was voluntarily dismissed on January 14, 2019.
Company & Securities Information
Defendant: Hortonworks, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: HDP
Company Market: NASDAQ
Market Status: Public (Listed)
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