Pending Case

TrueCar, Inc.

Nasdaq: TRUE

TrueCar, Inc. Investigated for Possible Securities Fraud by Block & Leviton LLP

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TrueCar, Inc. (NASDAQ: TRUE) and certain of its officers and directors are being investigated for possible securities fraud. TrueCar investors may be eligible for recovery. The investigation is led by Block & Leviton LLP (www.blockesq.com), a national securities litigation firm.

On February 21, 2020, TrueCar’s common stock dropped by over 12% during intraday trading following the publication of a short thesis alleging the company is “uninvestible” due to legal and business risks – including potential liability relating to allegations of false advertising.

In addition, on February 20, 2020, TrueCar announced on that it had entered into a short-term agreement to extend its partnership with USAA Federal Savings Bank, which represents a third of TrueCar’s revenues. According to the short thesis, USAA had to give 120-days advance notice of its intent to renew – indicating that TrueCar knew that USAA was not renewing for a full term since October 2019 – a fact that was undisclosed to the investing public.

If you purchased or otherwise acquired TrueCar securities and have questions about your legal rights, or possess information relevant to this matter, you are encouraged to contact attorney Mark Delaney at (617) 398-5600, by email at mdelaney@blockesq.com or by visiting https://shareholder.law/true.

Block & Leviton LLP was ranked 4th among all securities litigation firms by the Institutional Shareholder Services group for recovery of investor losses in 2017. The firm represents both the nation's largest institutional investors and retail investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for investors.

Contact us to learn more about this lawsuit.

Block & Leviton LLP
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Boston, MA 02110
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