The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased TrueCar, Inc. (NASDAQ: TRUE) securities between February 16, 2017 and November 6, 2017.
According to the TRUE lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) that the United Services Automobile Association (“USAA”) had been planning significant changes to its website that would have a material adverse effect on the volume of purchases generated by USAA; (2) that USAA made significant changes to its website that would have a material adverse effect on the volume of purchases generated by USAA; (3) that the changes to USAA's website maintained by TrueCar caused a material adverse effect on the volume of purchases generated by USAA; and (4) 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.
"TrueCar, Inc."
If you suffered a loss in TrueCar, Inc. you have until June 1, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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