Thieler Law Corp advises investors with losses exceeding $100,000 of the July 27, 2015 lead plaintiff deadline in a class action lawsuit filed against TrueCar Inc (NASDAQ: TRUE)  (“TrueCar” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased TrueCar securities between May 16, 2014 and May 20, 2015, have until July 27, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased TrueCar securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com.  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that TrueCar’s business practices violated unfair competition and deceptive trade practice laws. The complaint also claims that TrueCar acts as a dealer and broker in car sales transactions without proper licensing, in violation of various States’ laws that govern car sales.  Finally the complaint alleges that as a result of the failure to disclose these facts, the Company’s financial statements were materially false and misleading at all relevant times.

On March 9, 2015, a complaint was filed in Federal Court against TrueCar alleging unfair competition and deceptive trade practice laws by TrueCar claiming that car dealers have been injured by the Company’s business practices.  On this news, TrueCar Inc (NASDAQ: TRUE) shares dropped $0.47, or over 2.7%, to close at $16.50 on May 10, 2015.

On May 20, 2015, a lawsuit was filed against TrueCar in Los Angeles County Superior Court, claiming that TrueCar violates various laws that govern car sales in the state including allegations that TrueCar acts as a dealer and broker in car sales transactions without proper licensing.  Following the release of this news, shares of TrueCar dropped$1.04, or over 6.9%, to close at $13.99 on May 20, 2015.

If you were negatively impacted by your investment in TrueCar securities between May 16, 2014 and May 20, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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