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EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims against Textura Corporation - TXTRNEW YORK --(Business Wire)-- The Rosen Law Firm announces that it is investigating potential securities claims against Textura Corporation (NYSE:TXTR) resulting from allegations that the Company may have issued materially misleading business information to the investing public. On December 26, 2013, Citron Research issued a report asserting that Textura has greatly exaggerated its true financial performance. The report asserts, among others things, that Textura: initially lied about its revenue growth and subscriber churn rates to the SEC (News - Alert) in its original registration statement, and later withdrew such misstatements; omitted ties of its management and employees to an OTC stock whose promoters are now imprisoned; failed to disclose revenues generated from related party referrals; and exaggerated business metrics to deceive investors. On this news, shares of Texturafell $6.44 per share, or by approximately 17%, to close at $31.30 on December 26, 2013. On September 29, 2014, Citron Research issued another report on Textura. This report states, among other things, that the Textura overstated its revenue from construction contracts and exaggerated its total addressable market. On this news, shares of Textura fell sharply during intraday trading on September 29, 2014, damaging investors. The Rosen Law Firm is preparing a class action lawsuit on behalf of Textura investors as a result of these allegations. If you purchased Textura stock on or before September 29, 2014 and wish to recover your loses, please visit the website at http://rosenlegal.com/cases-377.html to join the class action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected]. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.
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