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TRUECAR INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of TrueCar, Inc. - TRUE


Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces
that KSF has commenced an investigation into TrueCar, Inc. (NasdaqGS: TRUE).

On November 6, 2017, TrueCar disclosed that USAA, its most significant
marketing partner, had made substantial changes to its website that had
a material adverse effect on TrueCar's sales. Thereafter, the Company
and certain of its executives were sued in a securities class action
lawsuit, charging them with failing to disclose material information,
violating federal securities laws. Recently, the court refused to
dismiss the case, finding that the plaintiff had sufficiently alleged
that TrueCar "made materially false and misleading statements by making
risk statements regarding TrueCar's reliance on USAA's website without
alerting the public that the risk had already come to fruition"; "knew
about USAA's website redesign and its impact as of January 2017," and
that "[former CFO] Guthrie and [CAO] Pierantoni sold TrueCar stock in
sales that were suspicious…."

On February 15, 2019, the Company disclosed disappointing quarterly
financial results including a decrease in net income of $2.2M, a 10%
drop in average monthly unique visitors for the quarter, and weak
first-quarter and full year guidance.

KSF's investigation is focusing on whether TrueCar's officers and/or
directors breached their fiduciary duties to TrueCar's shareholders or
otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or
have been a long-term holder of TrueCar shares and would like to discuss
your legal rights, you may, without obligation or cost to you, call
toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (,
or visit
to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include Former Louisiana Attorney General Charles C.
Foti, Jr., is a law firm focused on securities, antitrust and consumer
class actions, along with merger & acquisition and breach of fiduciary
litigation against publicly traded companies on behalf of shareholders.
The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit

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