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TUSIMPLE HOLDINGS INC.

(TSP)
  Report
Delayed Nasdaq  -  04:00:01 2023-01-27 pm EST
2.100 USD   +2.94%
01/17TuSimple Adds Independent Directors to Government Security Committee
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01/17TuSimple Adds Independent Directors to Government Security Committee
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TSP Investors Have Opportunity to Lead TuSimple Holdings Inc. Securities Fraud Lawsuit

12/02/2022 | 01:01pm EST

BENSALEM, Pa., Dec. 2, 2022 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against TuSimple Holdings Inc. ("TuSimple" or the "Company") (NASDAQ: TSP).

Class Period: April 15, 2021October 31, 2022
Lead Plaintiff Deadline: January 9, 2023

Investors suffering losses on their TuSimple investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) TuSimple was engaged in undisclosed related party transactions with Hydron, a company founded by the Company's co-founder, Executive Chairman, and director; (2) TuSimple shared confidential information and/or proprietary technology with Hydron without Board approval or informing regulators or TuSimple shareholders; (3) TuSimple failed to disclose the Board's internal investigation, which commenced in July 2022, into TuSimple's ties to Hydron; (4) the aforementioned conduct enhanced the likelihood of regulatory scrutiny and investigatory action toward the Company; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Cision
View original content:https://www.prnewswire.com/news-releases/tsp-investors-have-opportunity-to-lead-tusimple-holdings-inc-securities-fraud-lawsuit-301692220.html

SOURCE Law Offices of Howard G. Smith


ę PRNewswire 2022
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