CHICAGO, July 31, 2017 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District
Court for the Northern District of Illinois has approved the following announcement of a proposed class action settlement that
would benefit purchasers of securities of Textura Corporation (NYSE:TXTR):
SUMMARY NOTICE OF PENDENCY AND PROPOSED CLASS ACTION SETTLEMENT
TO: ALL PERSONS WHO PURCHASED TEXTURA CORPORATION COMMON STOCK FROM JUNE 7, 2013 THROUGH JANUARY
7, 2014, INCLUSIVE.
YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Northern District of
Illinois, that a hearing will be held on November 15, 2017, at 10:00 a.m. before the Honorable Mary M. Rowland, United States
Magistrate Judge of the Northern District of Illinois, 219 South Dearborn Street, Courtroom 1342, Chicago, Illinois 60604, for the
purpose of determining: (1) whether the proposed Settlement of the claims in the above-captioned Action for consideration including
the sum of $3,300,000 should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to
distribute the Settlement proceeds is fair, reasonable, and adequate; (3) whether the application of Lead Counsel for an award of
attorneys’ fees of up to one third of the Settlement Amount, reimbursement of expenses of not more than $225,000, and an incentive
payment of no more than $15,000 to Lead Plaintiff, should be approved; and (4) whether this Action should be dismissed with
prejudice as set forth in the Stipulation and Agreement of Settlement dated July 12, 2017 (the “Stipulation”).
If you purchased Textura Corporation (“Textura”) common stock during the period from June 7, 2013 and January 7,
2014, both dates inclusive (the “Settlement Class Period”), your rights may be affected by this Settlement, including the release
and extinguishment of claims you may possess relating to your ownership interest in Textura common stock. If you have not received
a detailed Notice of Pendency and Proposed Settlement of Class Action (“Notice”) and a copy of the Proof of Claim and Release Form,
you may obtain copies by writing to or calling the Claims Administrator: Textura Corporation Securities Litigation, c/o Strategic
Claims Services, 600 N. Jackson St., Ste. 3, P.O. Box 230, Media, PA 19063; (Tel) (866) 274-4004; (Fax) (610) 565-7985;
info@strategicclaims.net, or going to the website, www.strategicclaims.net. If you are a member of the Settlement Class, in order to share in the
distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release Form postmarked no later than October 23,
2017 to the Claims Administrator, establishing that you are entitled to recovery. Unless you submit a written exclusion request,
you will be bound by any judgment rendered in the Action whether or not you make a claim.
If you desire to be excluded from the Settlement Class, you must submit to the Claims Administrator a request
for exclusion so that it is received no later than October 25, 2017, in the manner and form explained in the Notice. All members of
the Settlement Class who have not requested exclusion from the Settlement Class will be bound by any judgment entered in the Action
pursuant to the Stipulation.
Any objection to the Settlement, Plan of Allocation, or Lead Counsel’s request for an award of attorneys’ fees
and reimbursement of expenses and award to Lead Plaintiff must be in the manner and form explained in the detailed Notice and
received no later than October 25, 2017, to each of the following:
Clerk of the Court
United States District Court
Northern District of Illinois
Everett McKinley Dirksen
United States Courthouse
219 South Dearborn Street
Chicago, Illinois 60604
|
LEAD COUNSEL:
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
|
COUNSEL FOR DEFENDANTS:
Hille R. Sheppard, Esq.
SIDLEY AUSTIN LLP
One South Dearborn Street
Chicago, Illinois 60603
|
If you have any questions about the Settlement, you may call or write to Lead Counsel:
Phillip Kim, Esq.
THE ROSEN LAW FIRM, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
info@rosenlegal.com
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.
Dated: July 17,
2017
__________________________________
BY ORDER OF THE UNITED STATES
DISTRICT COURT FOR THE
NORTHERN DISTRICT OF ILLINOIS
