October 16, 2019
A California federal judge granted preliminary approval on Tuesday for a $28.3 million settlement in a stock-drop suit resolving allegations that TrueCar knew a partner site's revamp would hurt auto sales but failed to tell investors.
February 06, 2019
Online car price aggregator TrueCar Inc. cannot escape allegations it secretly knew its auto sales would be hurt by a partner's impending website redesign, a California federal judge has ruled, finding investors have adequately alleged a "strong inference" of deliberate deceit.
November 07, 2018
There's no way TrueCar Inc. could have predicted that a website redesign by the USAA, which insures United States military service members, would damage the car price aggregator's online auto sales, the company said in a bid to toss claims it should have warned investors about coming problems.
April 02, 2018
A shareholder of online car shopping site TrueCar Inc. accused the company on Friday in a proposed class action of hiding that a website revamp by its largest source of revenue, United Services Automobile Association, had produced a slowdown in vehicle purchases through the companies' partnership, causing TrueCar's stock price to tumble 35 percent when news broke.