Energy News / Shareholders Foundation, Inc.

NASDAQ:TRUE Shareholder Notice: Lawsuit Alleges Securities Laws Violations by TrueCar, Inc

Via: ReleaseWire

Updated 11:15 AM CDT, Tue, April 17,2018

A lawsuit was filed on behalf of investors in TrueCar, Inc. (NASDAQ: TRUE) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 04/17/2018 -- An investor, who purchased shares of TrueCar, Inc. (NASDAQ: TRUE), filed a lawsuit over alleged Securities Laws violations by TrueCar, Inc. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of TrueCar, Inc. (NASDAQ: TRUE) have certain options and for certain investors are short and strict deadlines running. Deadline: June 1, 2018. NASDAQ: TRUE investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Santa Monica, CA based TrueCar, Inc., together with its subsidiaries, operates as an Internet-based information, technology, and communication services company in the United States.

On November 6, 2017, TrueCar, Inc. reported its third quarter 2017 financial result.s TrueCar, Inc. also disclosed that USAA had made significant changes to its website between February 16, 2017 and November 6, 2017 that had a material adverse effect on the volume of purchases generated by USAA.

Shares of TrueCar, Inc. (NASDAQ: TRUE) declined to as low as $10.16 per share on November 9, 2017.

The plaintiff claims that between February 16, 2017 and November 6, 2017, the defendants made false and/or misleading statements and/or failed to disclose that USAA had been planning significant changes to its website that would have a material adverse effect on the volume of purchases generated by USAA, that USAA made significant changes to its website that would have a material adverse effect on the volume of purchases generated by USAA, that the changes to USAA's website maintained by TrueCar caused a material adverse effect on the volume of purchases generated by USAA, and that, as a result of the foregoing, Defendants' statements about TrueCar's business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

Those who purchased shares of TrueCar, Inc. (NASDAQ: TRUE) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqtrue-shareholder-notice-lawsuit-alleges-securities-laws-violations-by-truecar-inc-964106.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com