Welcome to the Settlement website for the TrueCar Securities Litigation pending in the United States District Court for the Central District of California (the "Action").

If you purchased or otherwise acquired (1) the publicly traded TrueCar common stock of TrueCar, Inc. (“TrueCar” or the “Company”) from February 16, 2017 through November 6, 2017 (the “Settlement Class Period”), or (2) the common stock of TrueCar pursuant and/or traceable to the secondary offering of TrueCar common stock conducted on or about April 26, 2017 (the “Offering”) and were damaged thereby, you may be entitled to receive a payment under the settlement of a securities class action lawsuit.

Please be advised that the Court-appointed Lead Plaintiff, Oklahoma Police Pension and Retirement Fund (“Lead Plaintiff”), on behalf of itself and the Court-certified Settlement Class (as defined in the Notice), have reached a settlement of the Action for $28,250,000.00 in cash that will resolve all claims in the Action (the “Settlement”).

PLEASE READ THE NOTICE CAREFULLY. The Notice explains important rights you may have, including the possible receipt of cash from the Settlement. If you are a member of the Settlement Class, your legal rights will be affected whether or not you act.

A copy of the Notice can be found here.1

1 Capitalized terms not otherwise defined shall have the meaning as defined in the Stipulation and Agreement of Settlement and/or the Notice.


Your Legal Rights and Options in This Settlement
SUBMIT A CLAIM FORM POSTMARKED NO LATER THAN MARCH 4, 2020

This is the only way to be potentially eligible to receive a payment from the Settlement Fund. If you are a Settlement Class Member and you remain in the Settlement Class, you will be bound by the Settlement as approved by the Court and you will give up any Released Plaintiffs’ Claims (defined in the Notice) that you have against Defendants and the other Defendant Releasees (defined in the Notice), so it is in your interest to submit a Claim Form.

Please note that the Claim Filing Deadline has passed.
EXCLUDE YOURSELF FROM THE SETTLEMENT CLASS BY SUBMITTING A WRITTEN REQUEST FOR EXCLUSION SO THAT IT WAS RECEIVED NO LATER THAN JANUARY 6, 2020.

If you excluded yourself from the Settlement Class, you will not be eligible to receive any payment from the Settlement Fund. This is the only option that allows you ever to be part of any other lawsuit against any of the Defendants or the other Defendant Releasees concerning the Released Plaintiffs’ Claims.

Please note that the Exclusion Deadline has passed.
OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT WAS RECEIVED NO LATER THAN JANUARY 6, 2020.

If you do not like the Settlement, the Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses, you had an opportunity to write to the Court and explain why you do not like them. You cannot object to the Settlement, the Plan of Allocation or the fee and expense request unless you are a Settlement Class Member and did not exclude yourself from the Settlement Class.

Please note that the Objection Deadline has passed.

GO TO A HEARING ON JANUARY 27, 2020 AT 1:30 P.M.

YOU MUST FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN JANUARY 6, 2020.

Filing a written objection and notice of intention to appear by January 6, 2020, allowed you to speak in Court, at the discretion of the Court, about the fairness of the Settlement, the Plan of Allocation, or the request for attorneys’ fees and reimbursement of Litigation Expenses. If you submitted a written objection, you had the opportunity to (but did not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.

Please note that the Hearing Date has passed.
DO NOTHING If you are a member of the Settlement Class and you did not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund. You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.

The Frequently Asked Questions page of this website has more information on your rights as a Settlement Class Member in this Action.

Current Status

The Court held a Final Approval Hearing as scheduled on January 27, 2020 at 1:30 p.m. At this Hearing, the Court approved the Settlement and noted that an order would be entered. See Minutes. On May 26, 2020, the Court subsequently entered its Final Judgment and Order of Dismissal. Additionally, the Court approved an Order Awarding Attorneys’ Fees and Reimbursement of Litigation Expenses and an Order Approving Plan of Allocation; these Orders are available here.


Important Dates
  • February 16, 2017 through November 6, 2017, inclusive
    Settlement Class Period
  • Postmarked by March 4, 2020
    Deadline to Submit a Claim Form
  • Received by January 6, 2020
    Deadline to Exclude yourself from the Settlement Class
  • Received by January 6, 2020
    Deadline to Object
  • January 27, 2020
    Settlement Fairness Hearing