Weakness in TrueCar (TRUE) on CNCDA Suit Appears Overdone - Cowen
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UPDATE: TrueCar (TRUE) Hits Session Lows on Reports of Dealer Suit
May 20, 2015 3:07 PM EDT(Updated - May 20, 2015 3:09 PM EDT)
TrueCar (NASDAQ: TRUE) hit session lows Wednesday afternoon, falling 9%. According to Dow Jones, California dealers filed a lawsuit alleging the online service is acting like a dealer but doesn't have a license.
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