|By Business Wire||
|January 15, 2014 01:04 PM EST||
The Shuman Law Firm announces that it is investigating potential claims against certain officers and directors of Textura Corporation (“Textura” or the “Company”) (TXTR). Textura is an Illinois-based provider of on-demand business collaboration software solutions to the commercial construction industry.
The Firm’s investigation concerns allegations raised in a December 26, 2013 report issued by Citron Research which alleged omissions in the Company’s filings with the Securities and Exchange Commission relating to Textura’s Initial Public Offering (“IPO”). Specifically, the Citron Research report alleges that: (i) relevant details regarding Textura’s Chief Executive Officer’s employment history were withheld from investors; and (ii) Textura’s financial statements fail to disclose what percentage of the Company’s revenue are generated in related-party transactions. Following the publication of the Citron Research report, shares of Textura dropped $6.44, or 17%, to close at $31.30 on December 26, 2013.
If you purchased common stock in Textura’s June 7, 2013 IPO, Textura’s September 19, 2013 Secondary Offering and/or currently own Textura common stock and are interested in discussing your rights, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at [email protected] or email Mr. Glenn at [email protected].
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation.