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Deadline upcoming on August 8th in Lawsuit for Investors in Cloudera, Inc. (NYSE: CLDR)

08-03-2019 01:28 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on August 6, 2019in the lawsuit for certain investors in Cloudera, Inc. (NYSE: CLDR).

A Deadline is coming up on August 6, 2019in the lawsuit for certain investors in Cloudera, Inc. (NYSE: CLDR).

The Shareholders Foundation announced that a deadline is coming up on August 6, 2019 in the lawsuit filed for certain investors of Cloudera, Inc. (NYSE: CLDR) over alleged securities laws violations by Cloudera, Inc.

Investors who purchased shares of Cloudera, Inc. (NYSE: CLDR ) have certain options and there are strict and short deadlines running. Deadline: August 6, 2019. NYSE: CLDR stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Cloudera, Inc. (NYSE: CLDR) common shares between April 28, 2017 and June 5, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 28, 2017 and June 5, 2019, the Defendants failed to disclose, that Cloudera was finding it increasingly difficult to identify large enterprises interested in adopting the Company's Hadoop-based platform, that Cloudera needed to expend an increasing amount of capital on sales and marketing activities to generate new revenues, that Cloudera had materially diminished sales opportunities and prospects and could not generate annual positive cash flows for the foreseeable future, that the primary motivation for the Company's merger with Hortonworks was to generate growth through the acquisition of Hortonworks' existing customers (as opposed to obtaining them organically), and that that the purported synergies and other benefits of the merger with Hortonworks were materially overstated.

Those who purchased shares of Cloudera, Inc. (NYSE: CLDR) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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