NEW
YORK, Sept. 30, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of TuSimple Holdings Inc.
(NASDAQ: TSP).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/tusimple-holdings-inc-loss-submission-form/?id=32232&from=4
This lawsuit is on behalf of all persons who: (a) purchased or
otherwise acquired TuSimple common stock pursuant and/or traceable
to documents issued in connection with TuSimple's April 15, 2021 initial public offering; and/or
(b) that purchased or otherwise acquired TuSimple securities
between April 15, 2021 and
August 1, 2022, both dates
inclusive.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
October 31, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, TuSimple Holdings Inc. issued
materially false and/or misleading statements and/or failed to
disclose that: (i) TuSimple's commitment to safety was
significantly overstated and defendants concealed fundamental
problems with the Company's technology; (ii) TuSimple was rushing
the testing of its autonomous driving technology in order to
deliver driverless trucks to the market ahead of its more
safety-conscious competitors; (iii) there was a corporate culture
within TuSimple that suppressed or ignored safety concerns in favor
of unrealistically ambitious testing and delivery schedules; (iv)
the aforementioned conduct made accidents involving the Company's
autonomous driving technology more likely; (v) the aforementioned
conduct invited enhanced regulatory scrutiny and investigatory
action toward the Company; and (iv) as a result, the Company's
public statements were materially false and misleading at all
relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law