LOS ANGELES, CA / ACCESSWIRE / October 27, 2022 / — The law firm Schalla national shareholder rights litigation firm, is reminding investors of a class action lawsuit filed against TuSimple Holdings Inc. (“TuSimple” or “the Company”) (NASDAQ:TSP) for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 made thereunder by the US Securities and Exchange Commission.
Investors who purchased the Company’s securities between April 15, 2021 and August 1, 2022 inclusive (the “Collection Period”) are advised to contact the Company before October 31, 2022.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067 at 310-301-3335 to discuss your rights free of charge. You can also contact us via the law firm’s website at www.schallfirm.comor by email at [email protected].
The class in this case has not yet been certified and you will not be represented by an attorney until certification. If you don’t do anything, you can remain absent.
According to the complaint, the company made false and misleading statements to the market. TuSimple has overstated its commitment to security and has been hiding significant issues with its technology. The company rushed to test its autonomous driving systems to beat its competitors in the market. The company fostered a corporate culture that ignored safety in favor of ambitious delivery schedules. This culture made accidents during road tests more likely. Based on these facts, the Company’s public statements throughout the class action period were false and substantially misleading. When the market learned the truth about TuSimple, investors suffered.
Join the caseto make up for your losses.
The law firm Schall represents investors worldwide and specializes in securities class actions and shareholder rights…