A probe into TrueCar’s $227M sale to Lone Star Funds’ subsidiary questions if the deal unfairly benefits insiders.

The Ademi Firm is investigating TrueCar Inc.'s proposed $227 million sale to Fair Holdings, a subsidiary of Lone Star Funds, over concerns the deal may breach fiduciary duties. Shareholders would receive $2.55 per share, but the transaction includes change-of-control benefits for insiders and a penalty for accepting better offers, raising questions about fairness. The probe focuses on whether the board acted in shareholders' best interests. The deal, expected to close in late 2025 or early 2026, requires stockholder and regulatory approval, with a 30-day go-shop period starting November 13. TrueCar’s shares will delist upon completion.