BOSTON, MA / ACCESSWIRE / August 2, 2022 / Block & Leviton is investigating TuSimple Holdings, Inc. (NASDAQ:TSP) for potential securities law violations. Investors who have lost money in their TuSimple Holdings, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/tsp.
What is this all about?
On August 1, 2022, before the market opened, The Wall Street Journal published an article titled, "Self-Driving Truck Accident Draws Attention to Safety at TuSimple," highlighting an April 6, 2022 accident by an autonomously driven trucked equipped with TuSimple technology.
The WSJ article noted, "The accident, which regulators disclosed to the public in June after TuSimple filed a report on the incident, underscores concerns that the autonomous-trucking company is risking safety on public roads in a rush to deliver driverless trucks to market, according to independent analysts and more than a dozen of the company's former employees."
The Federal Motor Carrier Safety Administration, a Department of Transportation agency, launched a "safety compliance investigation" into TuSimple as noted in a May 26, 2022 letter to the company.
TuSimple has repeatedly blamed the April 6th accident on human error, however, autonomous-driving-system specialists have alleged fundamental problems with the company's technology.
Shares of TuSimple Holdings, Inc. fell more than 9% in intraday trading on August 1, 2022.
Who is eligible?
Anyone who purchased TuSimple Holdings, Inc. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email [email protected] with any questions.
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SOURCE: Block & Leviton LLP