Kaskela Law LLC Announces Shareholder Investigation of TrueCar, Inc. - TRUE

Kaskela Law LLC is investigating TrueCar, Inc. (Nasdaq: TRUE) (“TrueCar”
or the “Company”) on behalf of the Company’s shareholders.

A shareholder class action complaint was filed against TrueCar on behalf
of investors who purchased shares of the Company’s stock between
February 16, 2017 and November 6, 2017. During that time period shares
of TrueCar’s stock traded as high as $21.00 per share, and currently
trade below $10.00 per share.

Among other things, the complaint alleges that TrueCar and certain of
the Company’s executive officers violated the federal securities laws by
making a series of materially false and misleading statements to
investors concerning the impact that extensive website changes were
having on the Company business, operations, and financial results.
Recently the federal court presiding over the litigation denied a motion
to dismiss the shareholder complaint, paving the way for litigation to
proceed against the defendants.

Kaskela Law LLC is investigating whether members of TrueCar’s Board of
Directors violated the securities laws and/or otherwise failed to
properly fulfill their fiduciary duties to the Company and its
stockholders in connection with the above.

Stockholders who purchased shares of TrueCar’s common stock prior
to February 16, 2017 are encouraged to contact Kaskela Law LLC
(D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or via email at [email protected],
to discuss this investigation and their legal rights and options.
Additional information may also be found at http://kaskelalaw.com/case/truecar-inc/.

Kaskela Law LLC exclusively represents investors in securities fraud,
corporate governance, and merger & acquisition litigation. For
additional information about Kaskela Law LLC please visit www.kaskelalaw.com.

This notice may constitute attorney advertising in certain jurisdictions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190510005069/en/