LOS ANGELES, CA / ACCESSWIRE / November 25, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against TuSimple Holdings Inc. ("TuSimple" or "the Company") (NASDAQ:TSP) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the Company's initial public offering conducted on April 15, 2021 (the "IPO"), or between April 15, 2021 and October 31, 2022 (the "Class Period") are encouraged to contact the firm before January 9, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the 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 reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. TuSimple engaged in undisclosed related party transactions with Hydron, which was founded by the Company's co-founder, Mo Chen. The Company shared proprietary technology and trade secrets with Hydron. The Company failed to inform the market about an internal investigation by its Board of Directors into its relationship with Hydron. When the market learned the truth about TuSimple, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm