TuSimple Class Action Complaint Filed: Johnson Fistel, Successful Law Firm, Encourages Shareholders Who Held TSP During the Stock Drop to Contact the Firm
Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of TuSimple Holdings, Inc. (‘TuSimple’ or the ‘Company’) (NASDAQ:TSP). The class action is on behalf of shareholders who purchased or otherwise, acquired TuSimple stock between April 15, 2021 and August 1, 2022, both dates inclusive (the “Class Period”). Investors are hereby notified that they have until November 1, 2022 to move the Court to serve as lead plaintiff in this action.
What actions may I take at this time? If you suffered a loss and are interested in learning more about being a lead plaintiff, please contact Jim Baker (jimb@johnsonfistel.com) by email or phone at 619-814-4471. If emailing, please include a phone number.
There is no cost or obligation to you.
According to the complaint, on August 1, 2022, the Wall Street Journal published an article entitled “Self-Driving Truck Accident Draws Attention to Safety at TuSimple,” which brought to light a number of previously undisclosed concerns that undermined Defendants’ representations and omissions concerning the safety of the Company’s autonomous driving technology. The article referenced an April 6, 2022 accident involving a truck fitted with TuSimple’s technology, and reported that, among other things, “[t]he accident… 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.”
A lead plaintiff will act on behalf of all other class members in directing the TuSimple class-action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the class-action lawsuit. An investor’s ability to share any potential future recovery of the TuSimple class action lawsuit is not dependent upon serving as lead plaintiff. For more information regarding the lead plaintiff process please refer to https://www.johnsonfistel.com/lead-plaintiff-deadlines.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
Investor Relations
jimb@johnsonfistel.com