Monachelli

Monachelli v. Hortonworks, Inc.

Good Law

225 F. Supp. 3d 1045·2016 WL 7048996·2016 U.S. Dist. LEXIS 167836

United States District Court, Northern District of CaliforniaDecember 5, 2016Case No. 16-cv-00980-SICalifornia5,336 words

Opinion

Lead Opinion

Illston, J.

ORDER GRANTING DEFENDANTS’ MOTION TO DISMISS

Now before the Court is defendants’ motion to dismiss the First Consolidated Amended Complaint. Dkt. No. 43. Pursuant to Civil Local Rule 7-l(b), the Court determines that this matter is appropriate for resolution without oral argument and VACATES the hearing set for December 9, 2016. For the reasons set forth below, the Court GRANTS defendants’ motion to dismiss, with leave to amend.

BACKGROUND

I. Factual Background

The following allegations are taken from the First Consolidated Amended Complaint (“AC”), which the Court must treat as true for purposes of this motion. This matter arose in connection with defendant Hortonworks, Inc.’s secondary equity offering, announced on January 15, 2016. Hortonworks, Inc. (or “the Company”) was founded in 2011 and is one of three major “Hadoop” vendors. Dkt. No. 42, AC 113. Hadoop “is an open source software used to link large numbers of computers into highly efficient large scale data systems.” Id. ¶ 4. Following its initial public offering in December 2014, Hortonworks is the only Hadoop vendor that is publicly traded. Id. ¶3. Hortonworks also offers the software products Data Platform,…

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