Berman Tabacco Announces Investigation of TuSimple Holdings, Inc
Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by TuSimple Holdings Inc. (“TuSimple” or the “Company”) (NASDAQ: TSP), an autonomous driving technology company headquartered in San Diego, California.
About the Investigation
On or about April 15, 2021, TuSimple commenced its initial public offering selling approximately 27 million shares for $40 per share.
On August 1, 2022, The Wall Street Journal published an article titled “Self-Driving Truck Accident Draws Attention to Safety at TuSimple” noting that the “Federal Motor Carrier Safety Administration, an agency within the Transportation Department regulating trucks and buses, has launched what it described in a May 26 letter to the company as a ‘safety compliance investigation’ into TuSimple” after an April 6 incident in which “an autonomously driven truck fitted with technology by TuSimple Holdings Inc. suddenly veered left, cut across the I-10 highway in Tucson, Ariz., and slammed into a concrete barricade.”
On this news, TuSimple’s stock fell $0.97 per share (or 9.7%) to close at $8.99 on August 1, 2022.
If you sustained losses from your transactions in TuSimple securities and would like to discuss your legal rights and/or options, please provide your information here: Shareholder Contact | Berman Tabacco.
Berman Tabacco typically represents individuals and entities in class actions on a contingency fee basis, meaning we advance all attorneys’ fees and expenses in the litigation. If the case is successful, the firm will ask the court to award the firm attorneys’ fees and the reimbursement of expenses from any settlement fund. If we are not successful, you will not be responsible for the reimbursement of attorneys’ fees or expenses.
About Berman Tabacco
Berman Tabacco is a national law firm representing institutions and individuals in lawsuits, seeking to recoup losses caused by corporate and board misconduct and violations of the securities…