An investigation on behalf of current long term investors in Cloudera, Inc. (NYSE: CLDR) shares over possible breaches of fiduciary duty by certain officers and directors was announced and Cloudera, Inc. (NYSE: CLDR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/24/2019 -- Certain directors of Cloudera, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Cloudera, Inc. (NYSE: CLDR) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in Cloudera, Inc. (NYSE: CLDR stocks follows a lawsuit filed against Cloudera, Inc. (NYSE: CLDR over alleged securities laws violations. The investigation on behalf of current long term investors in Cloudera, Inc. (NYSE: CLDR stocks, concerns whether certain Cloudera, Inc. (NYSE: CLDR officers and directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that 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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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.