NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of securities of TuSimple Holdings, Inc. (NASDAQ:TSP): (i) pursuant to and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the initial public offering (“IPO”) of TuSimple on April 15, 2021); and/or (ii) between April 15, 2021 and October 31, 2022, both dates inclusive (the “Class Period”). The lawsuit seeks damages for TuSimple’s investors under federal securities laws.
To join the TuSimple class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=9655 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
According to the lawsuit, throughout the Class Period and in connection with the IPO effected by means of the Registration Statement, the Defendants made materially false or misleading statements and/or failed to disclose that : (1) TuSimple was engaged in undisclosed related party transactions with Hydron, a company founded by Defendant Mo Chen; (2) TuSimple shared confidential information and/or proprietary technology with Hydron without the approval of the Board of Directors or without notifying TuSimple’s regulators or shareholders; (3) TuSimple failed to disclose the Commission’s internal investigation, which began in July 2022, into TuSimple’s ties to Hydron; (4) the foregoing conduct has increased the likelihood of regulatory review and investigation against the Company; and (5) therefore, the Company’s public statements were materially false and misleading at all material times.
A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than January 9, 2023. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation. If you wish to join the litigation, go to https://rosenlegal.com/submit-form/?case_id=9655 or to discuss your rights or interests in this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or by email at [email protected] or [email protected]
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY AN ATTORNEY UNLESS YOU RETAIN ONE. YOU CAN RETAIN THE LAWYER OF YOUR CHOICE. YOU CAN ALSO REMAIN AN ABSENT MEMBER OF THE GROUP AND DO NOTHING AT THIS TIME. AN INVESTOR’S ABILITY TO SHARE ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT ON HIS PRINCIPAL APPLICANT SERVICE.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013. Rosen Law Firm has achieved the highest securities class action settlement ever. against a Chinese company. Rosen Law Firm attorneys are rated and recognized by numerous independent and respected sources. Rosen Law Firm secured hundreds of millions of dollars for investors.
Lawyer advertisement. Previous results do not guarantee a similar result.