NEW YORK, Oct. 31, 2014 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Textura Corporation ("Textura" or the "Company") (NYSE:TXTR) of the December 8, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Textura and certain executives.

A complaint has been filed in the Northern District of Illinois on behalf of all persons who purchased Textura common stock from August 7, 2013 through September 29, 2014, inclusive (the "Class Period").

The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.

Specifically, the action alleges that during the Class Period, Textura made false and/or misleading statements and/or failed to disclose that (i) the Company failed to charge general contractors and subcontractors the amount of basis points for using its Construction Payment Management (''CPM'') as it claimed; and (ii) Textura had overstated its total addressable market.

On September 29, 2014, Citron Research published a report on Textura alleging that the Company's financial performance and business prospects were overstated, including disclosing that CPM contribution to total revenues was fewer basis points than the Company had claimed.

Following this news, the price of Textura stock declined by $2.51, or over 8%, to close at $25.71 on September 29, 2014.

Request more information now by clicking here: www.faruqilaw.com/TXTR. There is no cost or obligation to you.

Take Action

If you invested in Textura stock or options between August 7, 2013 through September 29, 2014, and would like to discuss your legal rights, visit www.faruqilaw.com/TXTR. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Textura's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

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