Thu, 29 Sep 2022

NEW YORK, NY / ACCESSWIRE / August 5, 2022 / Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against TuSimple Holdings Inc. ('TuSimple' or the 'Company') (NASDAQ:TSP).

If you suffered losses exceeding $50,000 investing in TuSimple stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/TSP.

Faruqi & Faruqi, LLP, Friday, August 5, 2022, Press release picture

There is no cost or obligation to you.

Faruqi & Faruqi, LLP, Friday, August 5, 2022, Press release picture

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. TuSimple is the subject of a Wall Street Journal article published on August 1, 2022. The article alleges that one of the Company's autonomously driven trucks left its lane of travel without warning before striking a cement barricade. The article states that the accident 'underscores concerns that the autonomous-trucking company is risking safety on public roads in a rush to deliver driverless trucks to market.' Although the Company attempted to blame human error, the Journal points out that 'it was the autonomous-driving system that turned the wheel and that blaming the entire 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 almost 10% on the same day.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE: Faruqi & Faruqi, LLP



View source version on accesswire.com:
https://www.accesswire.com/711088/Securities-Litigation-Partner-James-Josh-Wilson-Encourages-Investors-Who-Suffered-Losses-Exceeding-50000-In-TuSimple-To-Contact-Him-Directly-To-Discuss-Their-Options

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