NEW YORK, April 25, 2016 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased Hortonworks, Inc. (NASDAQ:HDP) securities between November 4, 2015 and January 15, 2016.

Click here to learn about the case: http://www.wongesq.com/pslra/hortonworks. There is no cost or obligation to you.

According to the complaint, throughout the Class Period, Defendants: (1) misrepresented that the Company had sufficient cash and cash equivalents to fund 12 months of working capital and capital expenditure needs; (2) failed to disclose that Hortonworks in actuality lacked the necessary cash to meet those expenditure requirements over that period of time; and (3) failed to disclose the Company was contemplating a significant offering to fund operations. As a result of the aforementioned, public statements made by defendants were materially false and misleading at all relevant times.

If you suffered a loss in Hortonworks you have until April 29, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/hortonworks.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.  Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:    
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com