Textura Federal Class Action Securities Fraud Claims: Mandatory Magistrate Referral Just Ordered.

Textura-IPO-Scienter-Fraud-03-02-2016Well… based on today’s order in Chicago’s federal District Courthouse (without regard to the substitution of defense counsel of last week), I would conjecture that a settlement ultimately remains highly likely:

Pursuant to Local Rule 72.1, this case is hereby referred to the calendar of Honorable Mary M. Rowland for the purpose of holding proceedings related to: discovery supervision and settlement….

Now you know. Onward.

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