June 27, 2016 - The U.S. Court of Appeals for the Ninth Circuit granted lead plaintiffs' motion to voluntarily dismiss the appeal.
January 8, 2016 - The lead plaintiffs filed a notice of appeal.

January 5, 2016 - The court entered a final judgement in favor of the defendants and dismissed the case.

December 9, 2015 - The court granted defendants motion to dismiss.

October 19, 2015 - Defendants filed a motion to dismiss.

October 5, 2015 - The lead plaintiffs filed an amended complaint on behalf of investors who purchased TrueCar Inc (NASDAQ: TRUE) common shares between May 16, 2014 and July 23, 2015 and did not sell such shares prior to March 9, 2015. The lead plaintiffs allege that the defendants violated the Securities Act of 1933 and the Securities Exchange Act of 1934 by issuing false and misleading statements between May 16, 2014 and July 23, 2015.

September 25, 2015 - Lead plaintiffs and lead counsel were appointed.

July 27, 2015 - Lead plaintiff motions were filed.

May 27, 2015 - An investor in shares of TrueCar Inc (NASDAQ: TRUE) filed a lawsuit in the U.S. District Court for the Central District of California over alleged violations of Federal Securities Laws by TrueCar Inc in connection with certain allegedly false and misleading statements made between May 16, 2014 and May 20, 2015.

According to the complaint the plaintiff alleges on behalf of purchasers of TrueCar Inc (NASDAQ: TRUE) common shares between May 16, 2014 and May 20, 2015, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between May 16, 2014 and May 20, 2015 defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that TrueCar Inc’s business practices violated unfair competition and deceptive trade practice laws, that TrueCar Inc acts as a dealer and broker in car sales transactions without proper licensing, in violation of various States’ laws that govern car sales, and that as a result of the above, TrueCar Inc’s financial statements were materially false and misleading at all relevant times.

TrueCar Inc went public in May 2014 and shares of TrueCar Inc (NASDAQ: TRUE) grew from $9.22 per share in late May 2014 to as high as $24.15 per share in September 2014.

On February 19, 2015, TrueCar Inc reported its fourth quarter and full year 2014 financial results. TrueCar Inc reported that its annual Total Revenue rose from $133.96 million in 2013 to $206.65 million in 2014 and that its Net Loss increased from $25.06 million to $48.43 million. Among other things, TrueCar Inc also issued its business outlook for the first quarter 2015 and full year 2015.

On May 20, 2015, an article was published that stated that the California New Car Dealers Association filed a lawsuit against the fast-growing TrueCar Inc auto sales service, claiming TrueCar Inc violates various laws that govern car sales in the state. The article also said that the lawsuit, filed in Los Angeles County Superior Court, claimed that TrueCar Inc acts as a dealer and broker in car sales transactions but doesn't have the proper licensing for the business. TrueCar Inc issued a statement on May 20, 2015, saying that it is confident it can demonstrate the compliance of its business model with California law. Shares of TrueCar Inc (NASDAQ: TRUE) declined on May 21, 2015, to $13.47 per share.