Glancy Prongay & Murray LLP Reminds Investors of Impending Deadline
LOS ANGELES, Oct. 05, 2022 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of what’s to come October 31, 2022 Deadline for Filing a Complaint by Lead Plaintiff in the Class Action Complaint Filed on Behalf of TuSimple Holdings Inc. (“TuSimple” or the “Company”) TSP Investors who: (a) have purchased common stock pursuant to and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s IPO on April 15, 2021 (“IPO”), and/or (b) securities purchased between April 15, 2021 and August 1, 2022inclusive (the “Class Period”).
If you have suffered a loss on your TuSimple investments or would like to inquire about the possibility of making claims to recover your loss under the federal securities laws, you may submit your contact information at www.glancylaw.com/cases/tusimple-holdings-inc/. You can also contact GPM’s Charles H. Linehan at 310-201-9150, toll free at 888-773-9224, or email at [email protected] to learn more about your rights.
On April 15, 2021, TuSimple completed its IPO, selling 33.8 million Class A common shares at $40.00 per share.
on August 1, 2022, The Wall Street Journal published an article that brought to light a number of previously undisclosed concerns about the company’s autonomous trucks, claiming, among other things, that an accident involving a truck equipped with TuSimple’s autonomous driving technology “underscores the concerns that the autonomous driving company is risking safety on public roads in a rush to bring driverless trucks to market, according to independent analysts and more than a dozen former employees of the company.”
On the back of this news, TuSimple’s stock fell $0.97, or 9.7%, to close at $8.99 per share on August 1, 2022, hurting investors.
The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to…
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