Updated: Harwood Feffer LLP Announces Investigation of Textura Corporation

NEW YORK, Oct. 9, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Textura Corporation ("Textura" or the "Company") (NYSE: TXTR), concerning whether the board has breached its fiduciary duties to shareholders.

In January 2014, an online research report alleged that public filings related to the Company's Initial Public Offering may have been misleading and that the Company failed to disclose relevant details of the employment history of its Chief Executive Officer, and also failed to disclose the extent of revenue generated from related party transactions. 

On September 29, 2014, another research report alleged that the Company's financial performance and business prospects were overstated.  On October 9, 2014, Textura stock was trading slightly above $21 per share, down from over $29 per share in mid-September.

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own Textura shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email:  bsachsmichaels@hfesq.com
Website: http://www.hfesq.com

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP