SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of TrueCar, Inc.
NEW YORK, May 21, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of TrueCar, Inc. ("TrueCar" or the "Company") (NasdaqGS: TRUE -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether TrueCar and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 20, 2015, an article published in the Los Angeles Times reported that "California New Car Dealers Association filed a lawsuit against the fast-growing TrueCar auto sales service, claiming the Santa Monica company violates various laws that govern car sales in the state.
The suit, filed in Los Angeles County Superior Court on Wednesday, claimed that TrueCar acts as a dealer and broker in car sales transactions but doesn't have the proper licensing for the business."
On this news, shares of TrueCar fell $1.04 per share to $13.99, or more than 6.9%, on May 20, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of TrueCar, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article