SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of TrueCar, Inc. (TRUE)

Core Viewpoint - The law firm Brodsky & Smith is investigating potential claims against the Board of Directors of TrueCar, Inc. for possible breaches of fiduciary duty related to its acquisition by Fair Holdings, Inc. at a price of $2.55 per share, valuing the company at approximately $227 million [1][2]. Group 1 - The investigation focuses on whether the TrueCar Board failed to conduct a fair process in the acquisition, particularly regarding the fairness of the deal consideration for shareholders [2]. - Fair Holdings, led by TrueCar founder Scott Painter, is set to acquire TrueCar in an all-cash, go-private transaction [1]. - The acquisition price of $2.55 per share represents an equity value of around $227 million for TrueCar [1]. Group 2 - Brodsky & Smith is a litigation law firm with a strong track record in representing shareholders in securities and class action lawsuits [3]. - The firm has been appointed as lead counsel in numerous class actions and has successfully recovered millions for clients [3]. - The investigation may lead to claims if it is determined that the Board did not uphold its fiduciary duties [2].