TrueCar (TRUE) just unveiled an announcement.
TrueCar, Inc. has terminated its office lease at 1401 Ocean Avenue, Santa Monica, California, due to alleged breaches by the landlord, including violations of the lease terms and constructive eviction. The company has taken legal action seeking confirmation that its lease termination is lawful and will vacate the property promptly. This development follows the initial lease agreement reported in 2014 and is a significant move for the company, which is not planning to update the public further on the lawsuit except as mandated by law.
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