SAN DIEGO, Sept. 01, 2022 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announces that a lawsuit is pending against certain investors in TuSimple Holdings Inc. stock. TSP.
Investors TuSimple Holdings Inc. TSP Stocks have specific options and should contact the Shareholders Foundation at mail@aktionärsstiftung.com or call +1(858) 779-1554.
In April 2021, TuSimple Holdings Inc. completed its IPO and sold shares at a price of $40.00 per share.
Then, on August 1, 2022, an article was published titled “Self-Driving Truck Accident Draws Attention to Safety at TuSimple”: Leading autonomous truck developer blames human error while analysts say it’s the technology; investigating regulators[.]”
On August 31, 2022, a lawsuit was filed against TuSimple Holdings Inc. alleging violations of securities laws. Plaintiff alleged that Defendants made materially false or misleading statements and/or failed to disclose, that TuSimple Holdings’ commitment to security had been grossly overstated, and that Defendants had concealed fundamental issues with the Company’s technology that TuSimple Holdings rushed testing its autonomous driving technology to bring driverless trucks to market ahead of its more safety-conscious competitors, that there was a corporate culture at TuSimple Holdings that suppressed or ignored safety concerns in favor of unrealistically ambitious test and delivery schedules, that the above behavior led to accidents more likely to involve the company’s autonomous driving technology, and that the above conduct has led to increased regulatory scrutiny and investigations into the company.
TuSimple Holdings Inc. shares fell as low as $6.71 per share on September 1, 2022.
Those who have purchased NASDAQ: TSP stock should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholder Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
