LOS ANGELES–(BUSINESS WIRE)–Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of TuSimple Holdings Inc. (“TuSimple” or “the Company”) (NASDAQ: TSP) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. TuSimple is the subject of a the wall street journal article published August 1, 2022. The article alleges that one of the Company’s self-driving trucks left its lane without warning before hitting a cement barricade. The article says the accident “underscores concerns that the self-driving trucking company risks endangering safety on public roads in its rush to deliver driverless trucks to market.” Although the Company attempted to blame human error, the Log points out that “it was the autonomous driving system that turned the wheel and that blaming the whole accident on human error is misleading”. The article also reveals that the Federal Motor Carrier Safety Administration has launched a “safety compliance investigation.” Based on this news, shares of TuSimple lost nearly 10% on the same day.
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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 do nothing, you can remain an absent member of the group.
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