Short Seller Compares Company To "Wolf Of Wall Street", "American Hustle," "Liar Liar," And "Die Hard," Stock Plummets

Citron Research released a report calling the financial practices at construction industry service provider Textura Corp. “American Hustle meets Wolf of Wall Street” and sent the stock into free fall. There was also a reference to Die Hard and Liar Liar.

Short seller Citron Research did not mince words when it published its report on construction industry service provider Textura Thursday, calling the company “a mash-up of American Hustle and Wolf of Wall Street” on the heels of its initial public offering, adding, “If it were not for the IPO game and the fraud committed by the underwriters, Textura would have been insolvent last year.”

Later in the report, which alleged the company had made fraudulent claims pertaining to client retention and increasing global demand, Citron referenced Liar, Liar when stating that these claims, even when challenged by the Securities and Exchange Commission were false and that Textura “turned and ran” from them.

It’s fitting then, that as the stock reached a low of 17% down from its opening price of around $37 per share Thursday, and remains down by about 5% at $29.38 per share as of midday Friday, Citron also cited Die Hard when outlining its thoughts on Textura’s future.

After spending 15 pages passionately making its case against Textura, the report finished off with a line from A Few Good Men:

“You want the truth? You can’t handle the truth.”

Check out more articles on!

Mariah Summers is a business reporter for BuzzFeed News and is based in New York. Summers reports on hospitality, travel and real estate.
Contact Mariah Summers at
Here Are The Top Stories
  • Tunisia's president declared a state of emergency a week after a deadly terror attack on a beach hotel.
  • Some 150 migrants stranded in the French city of Calais stormed the Channel Tunnel in an attempt to make it to British territory.
  • Matt Stonie won the 2015 Nathan's Famous hot dog eating contest, beating 8-time champion Joey Chestnut ☀️??
Get The News App

More News

More News

Now Buzzing