NEW YORK, March 19, 2019 /PRNewswire/ -- Moore Kuehn,
PLLC, a securities law firm located on Wall Street in downtown
New York City, is investigating
whether certain officers and directors of TrueCar, Inc.
(NASDAQ: TRUE) breached their fiduciary duties to
shareholders.
According to a federal securities lawsuit, TrueCar insiders
caused the company to make false and/or misleading statements
and/or failed to disclose that: (1) 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)
USAA made significant changes to its website that would have a
material adverse effect on the volume of purchases generated by
USAA; (3) the changes to USAA's website maintained by TrueCar
caused a material adverse effect on the volume of purchases
generated by USAA; and (4) 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. On February 5,
2019, U.S. District Court Judge Stephen V. Wilson denied defendants' motion
to dismiss the class action complaint, paving the way for
litigation to proceed against TrueCar and certain insider
defendants.
Moore Kuehn encourages shareholders of TrueCar to contact
Justin Kuehn, Esq. by email at
jkuehn@moorekuehn.com or telephone at (212) 709-8245. There
is no cost or obligation to you.
Moore Kuehn is a New York-based
law firm with attorneys representing investors and consumers in
litigation involving securities law violations, financial fraud,
breaches of fiduciary duties, and other claims. For
additional information about Moore Kuehn, please go to
www.moorekuehn.com. ATTORNEY ADVERTISING. Prior results do
not guarantee similar outcomes.
Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
jkuehn@moorekuehn.com
(212) 709-8245
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