October 06, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Textura Corp (NYSE:TXTR) shares over potential securities laws violations by Textura and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Textura Corp (NYSE:TXTR) concerning whether a series of statements by Textura regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Textura Corp reported that its Total Revenue rose from $10.51 million for the 12 months period that ended on Sept. 30, 2011 to $35.53 million for the 12 months period that ended on Sept. 30, 2013 and that its respective Net Loss increased from $18.93 million to $36.88 million.

On December 26, 2013, Citron Research issued a report asserting that Textura has greatly exaggerated its true financial performance. The report asserts, among others things, that Textura: initially lied about its revenue growth and subscriber churn rates to the SEC in its original registration statement, and later withdrew such misstatements; omitted ties of its management and employees to an OTC stock whose promoters are now imprisoned; failed to disclose revenues generated from related party referrals; and exaggerated business metrics to deceive investors. Shares of Textura Corp (NYSE:TXTR) declined from $41.16 per share on December 20, 2013 to $14.23 per share in May 2014.

Since then shares of Textura Corp (NYSE:TXTR) grew from under $15 per share in May 2014 to as high as $30.17 per share in August 2014.

Then on September 29, 2014 Citron Research issued another report stating that Textura and its management mislead [sic] the investing public in so many ways that it can only be considered a complete investment FRAUD. Shares of Textura Corp (NYSE:TXTR) declined from $28.40 per share to $24.01 per share on September 29, 2014.