Leon D. Milbeck v. Truecar, Inc. et al
Case Number:
2:18-cv-02612
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
- B. Riley & Co. LLC
- Craig-Hallum Capital Group LLC
- JMP Group Inc.
- JPMorgan Chase & Co.
- Loop Capital Markets LLC
- RBC Capital Markets
- The Goldman Sachs Group Inc.
Sectors & Industries:
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October 16, 2019
TrueCar Investors Get First OK For $28.3M Stock-Drop Deal
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.
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February 06, 2019
TrueCar Can't Escape Stock Suit Over USAA Site Revamp
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.
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November 07, 2018
TrueCar Seeks Exit From Stock Suit Over USAA Site Revamp
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.
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April 02, 2018
TrueCar Hit With Investor Action Over USAA Web Sales
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.