TuSimple Holdings, Inc. Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information

Boston, Massachusetts--(Newsfile Corp. - October 31, 2022) - Block & Leviton announces that a class action lawsuit has been filed against TuSimple Holdings, Inc. (NASDAQ: TSP) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/tsp.

What is this all about?

On August 1, 2022, before the market opened, The Wall Street Journal published an article titled, "Self-Driving Truck Accident Draws Attention to Safety at TuSimple," highlighting an April 6, 2022 accident by an autonomously driven trucked equipped with TuSimple technology.

The WSJ article noted, "The accident, which regulators disclosed to the public in June after TuSimple filed a report on the incident, 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."

The Federal Motor Carrier Safety Administration, a Department of Transportation agency, launched a "safety compliance investigation" into TuSimple as noted in a May 26, 2022 letter to the company.

TuSimple has repeatedly blamed the April 6^th accident on human error, however, autonomous-driving-system specialists have alleged fundamental problems with the company's technology.

Shares of TuSimple Holdings, Inc. fell more than 9% in intraday trading on August 1, 2022.

Who is eligible?

Anyone who purchased TuSimple Holdings, Inc. stock between April 12, 2021 and August 1, 2022 is eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What should you do next?

The deadline to seek appointment as lead plaintiff is October 31, 2022. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.

Why should you contact Block & Leviton?

Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com

SOURCE: Block & Leviton LLP
www.blockleviton.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142489