ACCESSWIRE
06 Aug 2022, 08:13 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 InformationOf all the subjects taught in the nation's public schools, few have generated as much controversy of late as the ...
The crucial part for the Nord Stream 1 pipeline has been stuck in Germany following repairs in CanadaGerman Chancellor Olaf ...
The tennis great was easily beaten in the second round of the Canadian OpenTennis icon Serena Williams' farewell to the ...
As Russian forces advanced in Ukraine's eastern Donbas region, volunteers raced against time under deadly fire to convince the last ...
Bangkok - Vast oil and gas profits continue flowing to, and propping up, Myanmar's military junta a year and a ...
SYDNEY - Australian and other scientists are warning that runaway climate change could melt the East Antarctic Ice Sheet, causing ...
ZAGREB, Croatia: Authorities have said that a weekend bus crash near Varazdin in Croatia killed 12 passengers and injured 32.The ...
WASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
SEOUL, South Korea: South Korea has launched a domestically manufactured lunar orbiter that took off from Florida's Cape Canaveral Space ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...