NEW YORK, May 29, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of TrueCar, Inc. ("TrueCar") (Nasdaq:TRUE) between May 16, 2014 and May 20, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Central District of California. If you purchased or otherwise acquired TrueCar securities between May 16, 2014 and May 20, 2015, your rights may be affected by this action. To get more information go to:
HTTP://ZLK.9NL.COM/TRUECAR-TRUE
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that defendants made false and/or misleading statements and/or failed to disclose that: (a) TrueCar's business practices violated unfair competition and deceptive trade practice laws; (b) TrueCar acts as a dealer and broker in car sales transactions without proper licensing, in violation of various States' laws that govern car sales; and as a result of the above (c) the Company's financial statements were materially false and misleading at all relevant times.
If you suffered a loss in TrueCar you have until July 27, 2015 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.