ACCESS Newswire
06 Aug 2022, 03:43 GMT+10
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.
There is no cost or obligation to you.
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
Get a daily dose of Illinois Intelligencer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.
More InformationTORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Washington DC [US], July 2 (ANI): United States President Donald Trump on Tuesday (local time) said that Israel has agreed to the necessary...
Washington DC [US] July 2 (ANI): US President Donald Trump on Tuesday (local time) reaffirmed that India-US will soon strike a trade...
The United States is halting some shipments of weapons previously promised to Ukraine for use in its war with Russia under the Biden...
Washington DC [US], July 2 (ANI): As the US Senate passed the 'One Big Beautiful Bill' with Vice President JD Vance casting the tie-breaking...
Washington DC [US], July 2 (ANI): NASA astronaut Anil Menon has been assigned his first mission to the International Space Station,...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...