Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action against Textura Corporation. and Lead Plaintiff Deadline of December 8, 2014

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NEW YORK, Dec. 5, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a securities class action has been filed in the United States District Court for the Northern District of Illinois on behalf of those who purchased shares of Textura Corporation. ("Textura" or the "Company") TXTR, during the period between August 7, 2013 and September 29, 2014, inclusive (the "Class Period").

According to the lawsuit, Textura made false and misleading statements and/or failed to disclose that: (1) Textura did not charge general contractors and subcontractors as many basis points for using its Construction Payment Management (''CPM'') as it claimed; (2) Textura overstated its total addressable market; and (3) as a result of the foregoing, Textura's 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.

Plaintiff seeks to recover damages on behalf of all shareholders who purchased shares of Textura during the Class Period described above.  

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.  If you suffered a loss in Textura you have until December 8, 2014 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-reminds-investors-of-class-action-against-textura-corporation-and-lead-plaintiff-deadline-of-december-8-2014-300005401.html

SOURCE Bronstein, Gewirtz & Grossman, LLC

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