TUSIMPLE SHAREHOLDER WARNING BY FORMER LOUISIANA ATTORNEY
NEW ORLEANS, Oct. 04, 2022 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., are reminding investors that they still have time October 31, 2022 Lead plaintiff motions in a securities class action lawsuit against TuSimple Holdings Inc. (NasdaqGS: TSP) if they purchased or otherwise acquired the Company’s securities between April 15, 2021 and August 1, 2022, inclusive (the “Class Period”) and/or purchased or otherwise acquired the Company’s stock pursuant to the Company’s April 2021 initial public offering (the “IPO”). This lawsuit is pending in the United States District Court for the Southern District of California.
What you can do
If you have purchased TuSimple securities or shares as described above and would like to discuss your legal rights and how this case may affect you and your right to compensation for your economic loss, you may contact KSF Managing Partner at no obligation or cost to you Lewis contact Kahn toll free at 1-877-515-1850 or email ([email protected]) or visit us https://www.ksfcounsel.com/cases/nasdaqgs-tsp/ to learn more. If you wish to be a lead plaintiff in this class action lawsuit, you must file a petition with the court October 31, 2022.
About the lawsuit
TuSimple and certain of its officers are alleged to have failed to disclose material information during the Class Period and/or in the registration statement and prospectus issued in connection with the IPO, in violation of federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company has grossly exaggerated its commitment to security and has not disclosed fundamental issues with its technology; (ii) the company accelerated testing of its autonomous driving technology to bring driverless trucks to market ahead of its more safety-conscious competitors; (iii) the corporate culture of the company …
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