NEW YORK, Nov. 23, 2014 (GLOBE NEWSWIRE) -- Rosen Law Firm reminds purchasers of Textura Corporation common stock (NYSE:TXTR) between August 7, 2013 and September 29, 2014 of the important December 8, 2014 lead plaintiff deadline in the class action filed by the firm. The lawsuit seeks to recover damages for Textura shareholders under the federal securities laws.
To join the Textura class action, go to the website at http://rosenlegal.com/cases-377.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. The suit is pending in U.S. District Court for the Northern District of Illinois.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Textura made false and misleading statements and/or failed to disclose that: (1) it did not charge general contractors and subcontractors as many basis points for using its Construction Payment Management (''CPM'') as it claimed; (2) it overstated its total addressable market; and (3) as a result of the foregoing, its financial statements were materially false and misleading at all relevant times. The lawsuit claims that when these adverse facts entered the market through partial disclosures issued by Citron Research on December 26, 2013 and on September 29, 2014, the price of Textura stock dropped, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2014. If you wish to join the litigation go to http://rosenlegal.com/cases-377.html or to discuss your rights or interests regarding this class action, please contact, Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.