Category Archives: Uncategorized

Overdue — To Mention This…

Though in truth, it merits only passing mention. [So I won’t link to the 24 pager.] Last Friday, on St. Patrick’s (while I was in L.A., tending to client business) — Sidley filed its memorandum of law — opposing certification … Continue reading

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As Settlement Talks Likely Drag On, The Hearings Are Pushed Back…

Messrs Allin, et al. sought — and were granted — an intervening extension of time, for a reply briefing, and so, now as of February 22, 2017, the hearing has been scooted backward, as well: …MINUTE entry before the Honorable … Continue reading

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Motion to Certify Class — And Memo of Law, Filed Today…

As expected, the plaintiffs’ lead counsel has formally moved to certify a rather large plaintiffs’ class of putative federal securities fraud victims, related to the Summer 2012 IPO — and aftermarket trading — in legacy Textura. That federal case has … Continue reading

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Pre-Trial Scheduling — Should This Not Settle — Was Set Today, In Chicago…

Here is the order, from today’s status hearing, before the Magistrate Judge, in Chicago, in full: …MINUTE entry before the Honorable Mary M. Rowland: The parties’ agreed oral motion to set pre-trial schedule is granted as follows. Fact discovery to … Continue reading

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Magistrate Judge Orders New Status Hearing Date: In One Week’s Time…

Things are likely to proceed at an accelerated pace, on this federal securities fraud putative class action now. A new order was entered, just his morning, in Chicago. Here’s what’s up — come the 15th of December: …MINUTE entry before … Continue reading

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

Well… 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 … Continue reading

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Mr. Allin (Et Aliae) Switches Defense Lawyers — From Mayer Brown — To Sidley Austin…

I cannot reliably yet say whether this substitution of counsel makes an agreed settlement less — or more — likely. But it does strike me as odd, if the named defendants (directors and officers of legacy Textura, prior to the Oracle buy-out … Continue reading

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