SOURCE: Federman & Sherwood

May 29, 2015 10:43 ET

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against TrueCar, Inc.

OKLAHOMA CITY, OK--(Marketwired - May 29, 2015) -  On May 27, 2015, a class action lawsuit was filed in the United States District Court for the Central District of California against TrueCar, Inc. (NASDAQ: TRUE). The complaint alleges violations of federal securities laws under the Securities Exchange Act of 1934, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is May 16, 2014 through May 20, 2015.

Plaintiff seeks to recover damages on behalf of all TrueCar, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Monday, July 27, 2015 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

If you wish to discuss this action, obtain further information and participate in this or any other securities litigation, or should you have any questions or concerns regarding this notice or preservation of your rights, please contact:

Contact Information